Reimbursable Costs definition
Examples of Reimbursable Costs in a sentence
Contractor shall itemize Taxes (which are Reimbursable Costs) by category and cost component, including Louisiana state and local sales/use tax and any other sales/use tax that Contractor may be responsible for collecting from Owner (by state and taxing jurisdictions), import duties, and sales tax of other states (by other state).
Upon such termination, Contractor will be compensated (i) the Reimbursable Costs, Contractor’s G&A and Contractor’s Margin for all Work performed through the date of termination, and (ii) the reasonable costs to demobilize and any unavoidable cancellation charges from Subcontractors.
One hundred percent (100%) of such advance payment shall be credited as an offset against Reimbursable Costs, Contractor’s G&A and Contractor’s Margin owed by Owner to Contractor from and after the Notice to Proceed Date, until such advance payment is reduced to zero.
One hundred percent (100%) of such payment shall be credited as an offset against subsequent Reimbursable Costs, Contractor’s G&A and Contractor’s Margin owed by Owner to Contractor, as applicable.