Gross contract price definition

Gross contract price means the percentage of the entire contract that has been completed, from the commencement of the contract to the date of withdrawal, dissolution, or cessation of business.
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Gross contract price means the total price or other consideration valued in money, whether received in money or otherwise, paid to a seller under a contract, whether written or unwritten, for all work, items, and other obligations, including goods, materials, services, and labor, prior to deduction for any
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Gross contract price means, with respect to any project, all costs to develop the project, including all hard costs and soft costs (including payments to general contractors, any other payments to contractors and/or professionals retained separately from general contractors, and costs and fees for legal services incurred to develop the project). Gross Contract Price shall not include any land costs, building acquisition costs or finance costs.
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Examples of Gross contract price in a sentence

  • Gross contract price includes all amounts (including holdbacks, retainages, and reimburse- ments) that a taxpayer is entitled by law or contract to receive, whether or not the amounts are due or have been paid.

  • If a taxpayer incurs an allocable contract cost after the completion year, the tax- payer must account for that cost using a permissible method of accounting.(3) Gross contract price.

  • Gross contract price also includes amounts reimbursed for inde- pendent research and development ex- penses (as defined in § 1.460–1(b)(9)), or bidding and proposal costs, under a fed- eral or cost-plus long-term contract (as defined in section 460(d)), regardless of whether the research and development, or bidding and proposal, activities are incident to or necessary for the per- formance of that long-term contract.

  • Gross contract price includes all amounts (including holdbacks, retainages, and reimbursements) that a taxpayer is entitled by law or contract to receive, whether or not the amounts are due or have been paid.

  • Gross contract price also includes amounts reimbursed for inde- pendent research and development ex- penses (as defined in § 1.460–1(b)(9)), or bidding and proposal costs, under a fed- eral or cost-plus long-term contract (as defined in section 460(d)), regardless of whether the research and development, or bidding and proposal, activities are incident to or necessary for the per- formance of that long-term contract.(4) Contracts ith disputed claims—(i)In general.

  • If a taxpayer incurs an allocable contract cost after the completion year, the taxpayer must account for that cost using a permissible method of accounting.(3) Gross contract price.

  • Gross contract price also includes amounts reimbursed for inde- pendent research and development ex- penses (as defined in § 1.460–1(b)(9)), or bidding and proposal costs, under a fed- eral or cost-plus long-term contract (as defined in section 460(d)), regardless of whether the research and development, or bidding and proposal, activities are incident to or necessary for the per- formance of that long-term contract.(4) Contracts with disputed claims—(i) In general.

  • Gross contract price also includes amounts reimbursed for independent research and development expenses (as defined in § 1.460–1(b)(9)), or bidding and proposal costs, under a federal or cost- plus long-term contract (as defined in section 460(d)), regardless of whether the research and development, or bidding and proposal, activities are incident to or necessary for the performance of that long-term contract.

  • If a taxpayer incurs an allo- cable contract cost after the completion year, the taxpayer must account for that cost using a permissible method of ac- counting.(3) Gross contract price.

  • Gross contract price also includes amounts re- imbursed for independent research and development costs, or bidding and pro- posal costs, under a federal or cost-plus long-term contract (as defined in section 460(d)), regardless of whether the re- search and development, or bidding and proposal, activities are incident to or nec- essary for the performance of that long- term contract.

Related to Gross contract price

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Contract Price(s) means the price(s) tendered by the contractor and accepted by the Council for the execution of the contract.

  • gross tonnage means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I to the International Convention on Tonnage Measurement of Ships, 1969 or any successor Convention.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Cost price means the actual cost of an item or article of tangible personal property computed in the

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Final Price means, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Total contract dollars means the final anticipated dollar value, including the dollar value of all options.