Other Direct Cost definition
Examples of Other Direct Cost in a sentence
The types of TOs that are authorized for use under this Multiple Award ID/IQ vehicle are Firm Fixed Price (FFP) with reimbursable line items for Other Direct Cost, Time and Material (T&M), and/or Labor Hour (LH).
For Task Orders specifying a Cost Reimbursement - Hourly Billing Rate compensation method, the Proposed Project Cost Breakdown shall be based upon the estimated hours of labor at estimated Hourly Billing Rates, Other Direct Cost, and Subcontract Expenses.
For Task Orders specifying a Cost Reimbursement – Hourly Salary Rate compensation method, the Proposed Project Cost Breakdown shall be based upon the estimated hours of labor at estimated Hourly Salary Rates, the allocated overhead, Other Direct Cost, Subcontract Expenses, and profit.
NOTE 2: Contractor requests for Other Direct Cost Reimbursements shall be accompanied by vendor receipts/invoices.
For the Cost Reimbursement – Hourly Salary Rate basis, compensation is defined as the sum of: (1) Hourly Salary Rates; (2) Overhead; (3) Other Direct Cost with no markup; (4) Subcontract Expenses plus administrative fee as stated herein; and (5) Profit as defined herein.
For the Cost Reimbursement – Hourly Billing Rate basis, compensation is defined as the sum of: (1) Hourly Billing Rates; (2) Other Direct Cost with no markup; and (3) Subcontract Expenses plus administrative fee as stated herein.
Only items directly used and incidental to the services for this Contract and for work within the scope of the Statement of Work, shall be purchased under the Other Direct Cost (ODC) line items.
Contractor expenses to provide any support services requested by OCD will be paid in accordance with Section 5.3, Other Direct Cost (ODC), subject to the conditions governing the payment of ODC expenses All devices, software subscriptions and software, except wireless communication devices (cell phones, GPS, wireless cards, etc.) for purposes of remote communication for FTEs performing field based work, shall be furnished by the Contractor as an ODC in compliance with all OTS standards and policies.
Only items directly used for this Contract, for supplies within the scope of the Performance Specification, shall be purchased under the Other Direct Cost (ODC) line items.
The Contractor shall report in the FAS Sales Reporting System all Other Direct Cost Support (ODC) in accordance with Section G.3.3 Contract Transactional Data.