Limitation of Cost definition

Limitation of Cost to increase the total amount of the monies payable to the Contractor by an additional $855,720.00 for the remainder of Fiscal Year 2017 through Fiscal Year 2019, for a new contractual total of $1,565,720.00.
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Examples of Limitation of Cost in a sentence

  • In the case of an overrun (net negative variance), this submission shall not be deemed as notice under the Limitation of Cost (Funds) Clause of the contract.

  • If this Contract is fully funded, FAR 52.232-20 (Apr 1984), "Limitation of Cost," is incorporated by reference.

  • Until such modification is made, Seller shall not be obligated to continue performance or incur cost beyond the point established in FAR 52.232-20, Limitation of Cost, and FAR 52.232- 22, Limitation of Funds.

  • For incrementally funded Subcontracts funded via Federal Contracts, the Limitation of Funds Clause (FAR 52.232-22) shall also apply, and when such an individual Subcontract becomes fully funded, the Limitation of Cost Clause (FAR 52.232-20) shall then become applicable.

  • The above agreement regarding reimbursement of allowable indirect costs is not a waiver of the Limitation of Cost and Funds clause of this Agreement.

  • Terms and Conditions Limitation of Cost In no event shall Capitation Payments or other payments provided for in this Agreement exceed upper payment limits set forth in 42 C.F.R. § 447.362.

  • Also refer to the requirements of FAR Clause 52.232-20, Limitation of Cost.

  • Contractor notification requirements for FAR Clause 52.232-20(b), Limitation of Cost, FAR Clause 52.232-22 (c), Limitation of Funds, for Cost Reimbursement task orders, and FAR Clause 52.232-7(d), Payments under Time and Materials and Labor-Hours, for T&M TOs (clauses are in Section I by reference), shall be accomplished only by separate correspondence directed to the OCO with copies to the TO COR.

  • Until such modification is made, Seller shall not be obligated to continue performance or incur costs beyond the point established in the "Limitation of Cost" and "Limitation of Funds" articles of this contract.

  • Also refer to the requirements of the Limitation of Funds and Limitation of Cost Clauses in the contract.