Direct Cost of the Work definition

Direct Cost of the Work means labor, material and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Department and shall include, but not be limited to:
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Direct Cost of the Work means the total cost of the construction work of the Project as may be revised throughout the Post-GMP Phase.
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Direct Cost of the Work means labor, material, and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Department and shall include, but not be limited to:
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Examples of Direct Cost of the Work in a sentence

  • No personnel above the level of a working foreman shall be considered a Direct Cost of the Work.

  • For Work that the Owner permits the Design-Builder to self-perform, the Design-Builder shall also be entitled to a mark-up of not more than fifteen percent (15%) of the Direct Cost of the Work.

  • No personnel above the level of a working xxxxxxx shall be considered a Direct Cost of the Work).

  • No personnel above the level of a working xxxxxxx shall be considered a Direct Cost of the Work.

  • Incorporated and unincorporated materials as permitted under Section 8.1. Direct Cost of the Work does not, however, include home office overhead, field supervision, general conditions or profit of either the Subcontractor or the Design-Builder.

  • For Work that the Department permits the Design-Builder to self-perform, the Design-Builder shall also be entitled to a markup of not more than fifteen percent (15%) of the Direct Cost of the Work.

  • Such markup shall cover the same cost elements that were included in the Design-Build Fee; .4 In no event shall the maximum mark-up on the Direct Cost of the Work exceed twenty five percent (25%).

  • Direct Cost of the Work shall mean labor, material and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Owner.

  • Design-Builder shall include only the following items in the Direct Cost of the Work.

  • The costs included in the Direct Cost of the Work (reference Article 31.00, Definitions, and the RFP, under Classification of Project Costs (Table A)) shall not be at rates higher than the standard paid at the place of the Project, except with prior written consent of the Trustees.


More Definitions of Direct Cost of the Work

Direct Cost of the Work means those items included in any Construction CAP which, pursuant to the Construction General Conditions, are directly related to construction and not otherwise defined under such Construction Phase.
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Direct Cost of the Work. Determined by bids obtained from subcontractors in accordance with Section 5 below. • Contingency: 5% of the Cost of the Work.
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Direct Cost of the Work means those items included in any Construction GMP which, pursuant to the Construction General Conditions, are directly related to construction and not otherwise defined under such Construction Phase.
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Related to Direct Cost of the Work

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.