Billing (Cost Plus Fixed Fee Clause Samples

The "Billing (Cost Plus Fixed Fee)" clause defines how a contractor will be compensated for work performed, combining reimbursement for actual allowable costs with an additional fixed fee. Under this arrangement, the contractor submits invoices detailing incurred costs, such as labor, materials, and overhead, and then adds a predetermined fixed fee that does not vary with actual costs. This clause ensures the contractor is fairly compensated for expenses while providing a set profit, and it addresses the need for transparency and predictability in project billing, especially when project costs are uncertain at the outset.
Billing (Cost Plus Fixed Fee. The CONSULTANT may submit monthly progress ▇▇▇▇▇▇▇▇ based on a cost plus fixed fee method of payment which shall be assigned to the Work Assignment. Once the COMMISSION has approved and accepted the work of the CONSULTANT, the COMMISSION will pay the CONSULTANT any unpaid amounts of the Work Assignment total.
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Billing (Cost Plus Fixed Fee. The CONSULTANT may submit monthly progress ▇▇▇▇▇▇▇▇ based on a cost plus fixed fee method of payment which shall be assigned to the Work Assignment. Once the OSARC has approved and accepted the work of the CONSULTANT, the OSARC will pay the CONSULTANT any unpaid amounts of the Work Assignment total.
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Related to Billing (Cost Plus Fixed Fee

  • Fixed Fee If “fixed fee” is the basis of compensation, then the Consultant must complete the task(s) for the amount set forth in Column 4. Any hours worked for which payment would result in a total exceeding the amount in Column 4 are at no cost to the City.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Monthly Fees ACS will ▇▇▇▇ Customer each month during the term of this Agreement based on number of "Actions" which occurred during the prior month. The definition of "Actions" and fees for each Action will be documented in each Task Order. Customer shall cause ACS to be paid the foregoing fees on a monthly basis within thirty (30) days of ACS' delivery of an invoice for the preceding month's Actions.

  • Training Costs All costs and expenses incurred by the Contractor in the training of its employees engaged in Petroleum Operations, and such other training as is required by this Agreement.

  • CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date.