COST IMPLICATIONS Sample Clauses
The COST IMPLICATIONS clause defines how costs arising from the contract or specific actions under the agreement will be handled between the parties. It typically outlines which party is responsible for certain expenses, such as materials, labor, or unforeseen charges, and may specify procedures for approving or reimbursing additional costs. This clause ensures transparency and helps prevent disputes by clearly allocating financial responsibilities and setting expectations for managing and communicating about costs.
COST IMPLICATIONS. All Change Notices must fully document all estimated Costs and Savings on an open book basis, including:
(a) (amounts payable by or to Project Co): all amounts payable by or to Project Co for the proposed Change Compensation Event in accordance with this Schedule 4 (in the form of and including all information required pursuant to this Schedule 4);
(b) (capital expenditure): whether or not any required capital expenditure can be accommodated within the next planned refurbishment or renovation of the Stadium or Sports Precinct (or both);
(c) (cost of Insurance): the cost of insurance required to be effected under this Agreement;
(d) (Financing Delay Costs): any Financing Delay Costs calculated in accordance with this Agreement;
(e) (insurance moneys): all insurance moneys for which Project Co is entitled to make a Claim under any Insurances as a result of the relevant Change Compensation Event; and
(f) (proposed form and timing for compensation): the proposed form and timing for compensation in accordance with Section 2.3(b) of Part A of this Schedule 4. For the purposes of this Section 4, “open book basis” will include Project Co providing a breakdown of the calculation of all relevant preliminaries, labour, equipment, materials, Subcontract, finance and other costs of Project Co and Project Co Associates in a clear and transparent manner and other information reasonably requested by the State including reasonably available source documents required to verify such calculation.
COST IMPLICATIONS. The provisional outturn figures presented to Cabinet of 7 May pointed to a small net budget underspend which would produce positive balances of £0.169m at the year end. This anticipated outturn exceeded the target set in the Council’s Financial Recovery Plan which aimed to eliminate the overdrawn balances of £1.911m by the year end. The final outturn figures are detailed in appendix 1 and show a slight improvement on the provisional position with general balances now standing at £0.201m. Reserves totalling £0.885m have been established to meet costs expected to be incurred arising from the clawback of Housing Benefit subsidy (£0.500m), Denbighshire’s share of the trading deficit incurred by the Wirral & North Wales Purchasing Organisation (£0.335m) and residual costs to be met from the finalisation of Clwyd County Council’s accounts (£0.050m). In accordance with the Council’s Financial Standing Orders service underspends and overspends can be carried forward from one financial year to the next, subject to a review of performance. These arrangements have been suspended in previous years in view of the serious budgetary situation faced by the Council. Cabinet on 7 May approved the reintroduction of th e carry forward facility in view of the anticipated delivery of the Recovery Plan. The amounts to be carried forward amount to a net total of £0.096m and are identified against each Directorate in Appendix 1. The final position of the Housing Revenue Account compared with budget is shown in appendix 2.
COST IMPLICATIONS. 3.1 Nil if meetings were held on the same day as meetigns of full Council. Otherwise costs are those associated with members’ allowances for attendance at the meetings .
COST IMPLICATIONS. The amount of $6,250 is specified in the purchase agreement. In addition, there will be an additional cost of $500 for the purchase of title insurance. The total cost is anticipated to be approximately $6,750.
COST IMPLICATIONS. There are not many studies available that provide direct cost comparisons between the surface mounted and milled in stud variations. However, cost has been a driver for previous studies, with the cost implications associated with poor stud durability highlighted. On top of the price of the stud, installation and maintenance costs also need to be considered. These will vary depending on method of installation, as well as on the performance of the stud. As studs become dislodged or faulty on the network, additional maintenance costs will build as a result so understanding the best value for money is essential. ▇▇ ▇▇▇▇▇ (2013) wanted to identify which road studs could meet the minimum requirements at the lowest cost, by understanding the various road conditions and how they influence stud performance. The research involved surveying various route managers across the Western region of the South African road network, to gather details on which studs were used and how they were performing. Additionally, the route managers would provide details on the traffic and road conditions in each area to assist with final stud recommendations. At the end of this study, ▇▇ ▇▇▇▇▇ (2013) was able to recommend three different stud models for use across the South African road network (Ferro Lynx, STA+52 and Rhino). These stud models are unavailable within the UK, so simply taking these recommendations would not be possible. However, the testing exercise itself should not be disregarded, as it provided a useful method of analysing individual stud products under various field conditions, which ultimately led to deciding a cost-effective solution for the different road networks. Gartner, Stamatiadis and ▇▇▇▇▇▇▇▇ (2016) conducted research to investigate alternatives and best practices in retroreflective ‘snowploughable’ road studs. In 2008, the Massachusetts Department of Transportation (MassDOT) started to use recessed road studs on their network over ‘snowploughable’ studs, following concerns over their performance. However, similar issues arose with the use of recessed studs. In particular, the need to replace missing studs was leading to significant maintenance costs for the department. A survey was conducted among other departments of transportation across the US and Canada to understand their road stud solutions and their opinions of them, as well as the associated costs. Across the responses, the most common road stud solution was temporary raised studs, followed by ‘snowplo...
COST IMPLICATIONS. There are no cost implications associated with this amendment for extension of the term of the agreement, because the proposed compensation for the additional services performed by ABA is within the total compensation of $4,319,091 for the agreement.
COST IMPLICATIONS. The City currently receives over $4 million in revenue per year under the agreement and will provide these services to Central Fire with no additional resources over and above current resource levels.
COST IMPLICATIONS. All modified workweek arrangements will be subject to periodic review and revision. Requests for modified workweeks will not be unreasonably denied subject to operational requirements.
COST IMPLICATIONS. This grant funds 100% of this program, over two years, for up to a maximum of $230,130. The grant funds all aspects of the program, including personnel, equipment, printing, and other necessary program elements. This is consistent with the Council Approved Cost Control Strategy memo in that it supports vital City services and is fully grant supported. Accepting this grant also meets the requirements in the Mayor’s Budget Message to reduce impacts as much as possible to our employees; promote innovation among employees and the community for creative problem solving and identifying new resources; and leverage resources as much as possible.
COST IMPLICATIONS. The amount of $10 is specified in the purchase agreement. In addition, there will be an additional cost of $500 for the purchase of a title insurance policy. The total cost is anticipated to be approximately $510. Cost implications associated with the bridge and trail construction project will be discussed in future Council memorandum concerning those improvements. BUDGET REFERENCE Fund # Appn. # Appn. Name RC # Total Appn. Amt. For Contract 2003-2004 Adopted Budget Page Last Budget Action (Date, Ord. No.) 001 4013 Lower Silver 118593 $215,000 Adopted NA Creek/Bicycle Capital Bridge Budget, Page 487 001 2872 Neighborhood 705001/ $1,140,551* Adopted 04/27/04, Revitalization 705002 Operating Ord. No. Strategy Budget, 27133 Page 698 Total $ 1,355,551 * This project was allocated $285,000 from the overall fund balance.