Ultimate cost definition

Ultimate cost means the final cost of a product sold or offered
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Ultimate cost means the final cost of a product sold or offered for sale, or provided in conjunction with a contracted service, as a sum of all yearly, monthly, or otherwise divided or totaled payments, and including any shipping, activation, cancellation, return, or restocking fees associated with the product, and contracted service if applicable.
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Ultimate cost. ’ means the means the estimate of all foreseeable costs based on a prudent assessment of factual evidence (document examination) and forecasts (expected claims settlement time frame and related inflation rates).
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Examples of Ultimate cost in a sentence

  • The Ultimate cost to the Buyer would be the deciding factor for ranking of Bids.

  • Requirements of Cover C : Ultimate cost to the purchaser with break up.

  • Indicator name: Ultimate cost of insurance losses as % of construction value Description: The ratio of the cost of insurance losses to value of construction projects for the period.

  • Thus, Ultimate cost = Benefits Paid + Expenses Incurred – Investment Return – Employee ContributionsThe actuarial cost method distributes this ultimate cost over the working lifetime of current plan participants.

  • Ultimate cost to the purchaser with break up (to be filled online) as per Annexure-14 Part A, B, & D.

  • A typical school day has two trips, an AM and PM trip.Page 13 Revised Motion Passed: Approve revisions to the FY 2022 Salary Schedule as presented passed with a motion by Mrs.

  • Ultimate cost to the buyer would be the deciding factor for ranking of bids.

  • Ultimate cost to the purchaser with breakup for each unit (to be filled online) As Per Annexure-10.

  • Criterion (D) – Ultimate cost Tenderers must complete the Form of Tender attached in Appendix 1 indicating details of the cost and return this with their signed tender submission.

  • Ultimate cost consists of amounts estimated by the University’s risk management division and actuaries for asserted claims, unasserted claims arising from reported incidents, expected litigation expenses and amounts determined by actuaries using relevant industry data and Hospital specific data to cover projected losses for claims incurred but not yet reported.

Related to Ultimate cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting, auditing and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement, and if any, premium costs on other district school area board or public school authority statements, for the year ending no later than August 31, 2015. The aforementioned statements are to be provided to the Ministry of Education. Total Cost excludes retiree costs. The average number of Full-Time Equivalent (FTE) positions in the bargaining unit as at October 31st and March 31st for the period consistent with this clause.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Reasonable cost means a cost for a service or item that is consistent with the market standards for comparable services or items.

  • Direct Costs means the sum of the following:

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

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