Cost of work. , in table above, shall mean the agreement amount of the work.
Cost of work for this clause shall mean completed cost of work as mentioned in the final bill including internal electrical works, if any, carried out under single contract including cost of materials, if any, supplied by clients. However, the cost of materials issued free of cost shall not be considered for calculating the cost of work. The value of executed works shall be brought to current costing level by enhancing the actual value of work at a simple rate of 7% per annum; calculated from the date of completion to the last date of receipt of applications for bids. “Similar work” for this clause means "Furniture & Fitting works.”
Cost of work means the total cost of all operations performed for the Named Insured during the policy period by independent contractors, including materials used or delivered for use by whomsoever supplied, except maintenance or ordinary alterations and repairs on premises owned or rented by the Named Insured.
Examples of Cost of work in a sentence
W : Cost of work done, worked out as indicated in sub-para (ii) above.
W- Cost of work done worked out as indicated in sub para (ii) above XM - Component of materials expressed as percent of the total value of work MI- All India whole sale index for all commodities for the period under consideration as published by the Economic Advisor to Government of India, Ministry of Industry and Commerce.
The details of required staffing pattern and penalisation in case of failure in providing experienced technical personnel are given as below.General Requirement of Technical Staff:- Cost of work (Rs in Crore)Requirement of Technical Staff Scanned Attested copies of qualification certificates and details of work experience shall be submitted /uploaded.
Cost of work counted for determining if and when substantial improvement to a structure occurs shall be cumulative for a period of five years.
Cost of work in progress and finished goods is determined on absorption costing method which include cost of conversion and other costs incurred in bringing the inventories to their present location and condition.
More Definitions of Cost of work
Cost of work for this clause shall mean final cost as mentioned in the final bill carriedout under single contract including cost of materials, if any, supplied by clients. However,the cost of materials issued free of cost shall not be considered for calculating the cost of work.
Cost of work means actual gross value of completed “similar‟ work including all the components executed under single contract. The applicant shall submit a copy of certificate of final bill of each project executed by them, during the said period.
Cost of work means the total cost of all operations performed for the Named Insured during the Policy Period by independent contractors, including materials used or delivered for use by whomsoever supplied, except maintenance or ordinary alterations and repairs on premises owned or rented by the Named Insured.
Cost of work for this clause shall mean completed cost as mentioned in the final bill for housekeeping maintenance services, if any, carried out under single contract including cost of materials, if any, supplied by clients. However the cost of materials issued free of cost shall not be considered for calculating the cost of work. “Similar work” for this clause means comprehensive housekeeping/manpower supply Services. Necessary documentary proof like completion certificates in case of works carried out for Government department and TDS in case of works carried out for private parties should be enclosed in addition to the completion certificate.
Cost of work means the sum of all direct costs necessarily incurred and paid by Contractor in the proper performance of the Work described in the Change Order. Except as otherwise may be agreed to in writing by County, such costs shall be in amounts no higher than those prevailing in the locality of the Project; shall include only the following items; and shall not include any of the costs itemized in Section 39.3.
39.2.1 Payroll costs for employees in the direct employ of Contractor in the performance of the Work described in the Change Order under schedules of job classifications agreed upon by County and Contractor. Payroll costs for employees not employed full time on the Work covered by the Change Order shall be apportioned on the basis of their time spent on the Work. Payroll costs shall include, but not be limited to, salaries and wages plus the cost of fringe benefits, which shall include social security contributions, unemployment, excise and payroll taxes, workers’ compensation, health and retirement benefits, bonuses, sick leave, vacation and holiday pay application thereto. Such employees shall include superintendents and foremen at the site. The expenses of performing the Work after regular working hours, on Sunday or legal holidays, shall be included in the above to the extent authorized in advance by County.
39.2.2 Cost of all materials and equipment furnished and incorporated in the Work, including costs of transportation and storage thereof, and manufacturers’ field services required in connection therewith. All cash discounts shall accrue to Contractor unless County deposits funds with Contractor to make payments, in which case the cash discounts shall accrue to County. All trade discounts, rebates and refunds, and all returns from sale of surplus materials and equipment shall accrue to County, and Contractor shall make provisions so that they may be obtained. Rentals of all construction equipment and machinery, and the parts thereof, whether rented by Contractor, in accordance with rental agreements approved by County with the advice of Consultant, and the costs of transportation, loading, unloading, installation, dismantling and removal thereof, all in accordance with the terms of said agreements. County will not be responsible for the cost of the rental of any such equipment, machinery, or parts when the use thereof is no longer necessary for the Work.
39.2.3 Payments made by Contractor to Subcontractors for work performed by Subcontractors. If req...
Cost of work means the total cost of all operations performed for you during the policy period by independent contractors, including the cost of materials furnished, used or delivered for use in the execution of the work. This does not include maintenance or ordinary alterations and repairs on premises owned or rented by you.
Cost of work means actual gross value of completed “similar” work including all the components executed under single contract. The applicant shall submit a certificate of completion from the client and final bill (Abstract of bid depicting amount of work done under different trades) of each project executed by them, during the said period.