Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.
Cost-plus-a-percentage-of-cost contract means a contract under which the
Cost-plus-a-percentage-of-cost contract means a contract that, prior to completion of the work, the parties agree that the fee will be a predetermined percentage of the cost of the work.
More Definitions of Cost-plus-a-percentage-of-cost contract
Cost-plus-a-percentage-of-cost contract means the parties to a contract agree that the fee will be a predetermined percentage of the cost of work performed and the contract does not limit the cost and fee before authorization of performance.
Cost-plus-a-percentage-of-cost contract means a contract where the contractor is paid a percentage over and above the contractor’s actual expenses or costs.
Cost-plus-a-percentage-of-cost contract means a contract where the
Cost-plus-a-percentage-of-cost contract means a contract where the contractor is
Cost-plus-a-percentage-of-cost contract means a contract in which, prior to the completion of the work, the parties agree that the contractor's fee will be a predetermined percentage of the total cost of the work when the cost is unknown and not subject to a formula or other limitations.
Cost-plus-a-percentage-of-cost contract means a contract under which where
Cost-plus-a-percentage-of-cost contract means a contract where the contractor is 2352 paid a percentage over and above the contractor's actual expenses or costs. 2353 (12) "Cost-reimbursement contract" means a contract under which a contractor is 2354 reimbursed for costs which are allowed and allocated in accordance with the contract terms and 2355 the provisions of this chapter, and a fee, if any. 2356 (13) "Days" means calendar days, unless expressly provided otherwise. 2357 (14) "Definite quantity contract" means a fixed price contract that provides for the 2358 supply of a specified amount of goods over a specified period, with deliveries scheduled 2359 according to a specified schedule. 2360 (15) "Design-build" means the procurement of design professional services and 2361 construction by the use of a single contract with the design-build provider. 2362 (16) "Design professional" means: 2363 (a) an individual licensed as an architect under Title 58, Chapter 3a, Architects 2364 Licensing Act; or 2365 (b) an individual licensed as a professional engineer or professional land surveyor 2366 under Title 58, Chapter 22, Professional Engineers and Professional Land Surveyors Licensing 2367 Act. 2368 (17) "Design professional services" means: 2369 (a) professional services within the scope of the practice of architecture as defined in 2370 Section 58-3a-102; 2371 (b) professional engineering as defined in Section 58-22-102; or 2372 (c) master planning and programming services. 2373 (18) "Directed procurement" means a procurement of a procurement item in which the 2374 source of the funds used to procure the procurement item: 2375 (a) directs from whom the procurement item is to be procured; or 2376 (b) imposes requirements on how the procurement is to be administered. 2377 (19) "Director" means the director of the division. 2378 (20) "Established catalogue price" means the price included in a catalogue, price list, 2379 schedule, or other form that: 2380 (a) is regularly maintained by a manufacturer or contractor; 2381 (b) is either published or otherwise available for inspection by customers; and