Cost Reimbursement definition

Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

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Cost Reimbursement means a contract under which a contractor is reimbursed for costs, which are reasonable, allowable and allocable in accordance with the contract terms and approved by ADHS.

Cost Reimbursement means a payment mechanism in which funds are provided to carry out approved activities based on an approved eight-category line-item (categorical) budget. Amounts expended in support of providing services and goods, if any, in accordance with the contract terms and conditions must be billed monthly for reimbursement unless otherwise specified in the contract. Reimbursement is based on actual allowable costs incurred that comply with the cost principles applicable to the grant that funds the contract.

Examples of Cost Reimbursement in a sentence

If Cost Reimbursement or Match is authorized in Attachment 2, Special Terms and Conditions, the following conditions apply.
Cost Reimbursement Agreement - Greenway Conservancy for the ▇▇▇▇▇▇ River Valley - Feb.
If Cost Reimbursement is chosen as a payment method pursuant to the Face Sheet of this Contract, in full consideration for the complete and satisfactory delivery of the Goods and/or provision of the Services under this Contract, UNDP shall pay the Contractor an amount not exceeding the total amount stated in the Face Sheet of this Contract.
Grantee may request revisions to the approved Cost Reimbursement budgeted direct categories that exceed the System Agency twenty-five (25%) percent variance requirement, excluding “Equipment”, “Indirect Cost” and “Travel” categories, by submitting a Budget Program Adjustment form to the assigned contract manager.
Grantee may revise the Cost Reimbursement budget ‘Equipment’ and/or ‘Indirect Cost’ categories, however a formal Amendment is required.

More Definitions of Cost Reimbursement

Cost Reimbursement means the Grantee must pay for approved budget expenses before being reimbursed from the CBHC.

Cost Reimbursement means the Subcontractor is reimbursed for actual costs up to the maximum consideration allowed in this Contract.

Cost Reimbursement means a payment mechanism by which contractors are reimbursed for allowable costs incurred up to the total award amount specified in the contract. Costs must be incurred in carrying out approved activities, and must be based on an approved eight -category line-item (categorical) budget. Amounts expended in support of providing services and goods, if any, in accordance with the contract terms and conditions must be billed on a monthly basis for reimbursement unless otherwise specified in the contract. Reimbursement is based on actual allowable costs incurred that comply with the cost principles applicable to the grant.

Cost Reimbursement or “CR” means the arrangement for the provision of mental health services based on the reasonable actual and allowable costs of services provided under this Agreement, less all fees paid by or on behalf of patients/clients and all other revenue, interest and return resulting from the same services;

Cost Reimbursement means the subcontractor is reimbursed for actual costs up to the maximum consideration allowed in the Program Agreement.

Cost Reimbursement means that payment to the Contractor is based upon the actual reimbursable costs incurred under this Agreement.

Cost Reimbursement means CBHC reimbursement of expenses actually paid and disbursed by the Grantee after Services have been performed and/or purchases have been made.