Cost Plus Work definition

Cost Plus Work means Work for which a method of payment has been established on an actual labour and materials cost basis;
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Cost Plus Work means a contractual arrangement that prescribes the cost of the work plus an allowance for overhead and profit, as expressly defined in the Contract, as payment for performance of the item of work to which it relates.
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Cost Plus Work refers to Work described in Exhibit D, Section 2 (“Cost Plus Work”).
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Examples of Cost Plus Work in a sentence

  • The Contractor shall obtain the Consultant's approval prior to subcontracting or entering into other agreements for Cost Plus Work or Work done under a Change Directive or Change Order on a cost-plus basis.

  • The Contractor shall keep full and detailed accounts and records necessary for the documentation of the cost of Cost Plus Work and Work done under a Change Directive or Change Order on a cost-plus basis, and shall provide the Consultant with copies thereof when requested.

  • The Contractor shall submit to the Owner for approval, in the case of Cost Plus Work, a Cost Estimate Form, in the form attached as Appendix C - Cost Estimate Form, in which the Contract Price shall be broken down and separated into the cost items shown on the Form.

  • The Contractor will not receive additional compensation or reimbursement from the Judicial Council for any costs related to Escorting in connection with Firm Fixed Price Work or Cost Plus Work.

  • For those employee classifications covered by the Prevailing Wage Law, direct labor costs for the performance of Cost Plus Work shall be equal to or greater than the Prevailing Wage for each employee’s classification, as specified in each applicable TO.

  • Cost Plus Work.‌ The allowable expenses for Cost Plus Work are set forth below.

  • Cost Plus Work: Payment for Cost Plus Work, if any, shall be based on the cost of such Work, as provided in GC5.1A.3.2, plus a fixed fee or percentage fee calculated as a percentage of the cost of such Work, for the Contractor's overhead and profit.

  • For those employee classifications covered by the Prevailing Wage Law, direct labor costs for the performance of Cost Plus Work shall be equal to the Prevailing Wage for each employee’s classification, as specified in each applicable SWO, multiplied by the number of hours worked by that employee.

  • Contract Amount 1 Allowable and Non-allowable Expenses 1 Firm Fixed Price Work 1 Allowable Expense 1 Adjustments to Allowable Expenses 1 Cost Plus Work 1 Labor Costs.

  • Costs for Escorting in connection with Firm Fixed Price Work or Cost Plus Work are included in the Firm Fixed Price.

Related to Cost Plus Work

  • Construction Work means any work in connection with⎯

  • Additional Work to mean additions or deletions or modifications to the amount, type or value of the Work and Services as required in this Contract, as directed and/or approved by the County.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Shift Work is defined as the same work performed by two or more employees or two or more successive sets or groups of employees working successive periods.

  • Contract Work means everything required to be furnished and done by the Contractor by any one or more of the parts of the Contract referred to in Article 1, except Extra Work as hereinafter defined.