Prime costs definition

Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.
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Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the
Sample 1Sample 2Sample 3
Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site,
Sample 1Sample 2Sample 3

Examples of Prime costs in a sentence

  • SUBCLAUSE 70.4 – DATE OF BID PRICING The expression "the date of BID pricing" as used in this Clause means the date 30 days prior to the final date for submission of BIDs as determined by the Employer in the BID documents SUBCLAUSE 70.5 – PRIME COST For imported materials, the supplier's/ manufacturer's Prime costs shall be C.I.F. cost at point of entry by the same means of transport as determined by the Contractor's Basic Rate.

  • Prime costs of clinical laboratory services in Tehran Valiasr Hospital in 2009/Coût primaire des services de laboratoires cliniques à l’hôpital Valiasr de Téhéran en 2009.

  • To ensure that there is less cash outflow towards salaries for founders and doing so commits the minimum cash contributions from the SPARK Grantee only towards the Prime costs and Primary overheads excluding the salaries for founders/promoters.

  • The limits on heads (Prime costs, Primary Overheads and Secondary overheads) as decided in WBS in compliance with Annexure X & Y shall be enforced in establishing proper use of grants, including enforcement of paragraph 16, but reallocations of resources within a head – e.g. across line-items or sub-heads - shall be up to the discretion of the SPARK Grantee.

  • Cost classification : a) Prime costs and overheads, (b) Direct or variable or marginal costs and fixed costs - imputed, opportunity and sunk cost concepts - Perpetual inventory system for materials - Booking of labour time.

  • Total direct costs are collectively known as Prime Costs and we can see that Product Costs are the sum of Prime costs and Overheads.

  • Prime costs are normally divided into direct costs and overheads of the project.

  • Prime costs to include, but not restricted to, dwelling structures, professional fees, site abnormals and infrastructure costs.

  • Prime costs are the sum of direct material and direct labor costs.

  • For the purpose of this clause Prime costs shall mean the invoice value of the goods purchased.


More Definitions of Prime costs

Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and
Sample 1Sample 2Sample 3
Prime costs and 'Prime cost sum' means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing carriage delivery to site after deduction of all trade discounts, rates and allowances and the discount -obtainable for cash in so far as such discount for cash exceeds 2 per cent.
Sample 1
Prime costs and “prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing carriage, and delivery to site, after deduction of all trade discounts, rebates and allowances and the discount obtainable for cash in so for as such discount for cash exceeds 2 ½ %.
Sample 1

Related to Prime costs

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Travel costs ’ means expenses for transportation, lodging, subsistence (meals and incidentals), and related expenses incurred by employees who are on travel status on official business of the recipient for any travel outside the country in which the organization is located. “Travel costs” do not include expenses incurred by employees who are not on official business of the recipient, such as rest and recuperation (R&R) travel offered as part of an employee’s benefits package that are consistent with the recipient’s personnel and travel policies and procedures.

  • Defense Costs has the meaning set forth in Section 13.

  • Leasing Costs means, with respect to a particular Lease, all capital costs, expenses incurred for capital improvements, equipment, painting, decorating, partitioning and other items to satisfy the initial construction obligations of the landlord under such Lease (including any expenses incurred for architectural or engineering services in respect of the foregoing), “tenant allowances” in lieu of or as reimbursements for the foregoing items, payments made for purposes of satisfying or terminating the obligations of the tenant under such Lease to the landlord under another lease (i.e., lease buyout costs), relocation costs, temporary leasing costs, leasing commissions, brokerage commissions, legal, design and other professional fees and costs, in each case, to the extent the landlord is responsible for the payment of such cost or expense under the relevant Lease or any other agreement relating to such Lease.

  • 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.