Cost Monitoring Clause Samples

The Cost Monitoring clause establishes procedures for tracking and controlling expenses related to a project or contract. Typically, it requires the responsible party to maintain detailed records of all costs incurred, provide regular reports to the other party, and notify them of any significant deviations from the agreed budget. This clause ensures transparency in financial management and helps prevent cost overruns by enabling early detection and resolution of budgetary issues.
Cost Monitoring. Consultant shall: a. Monitor contractor and project delivery costs compared to budgets.
View SourceView Similar (4)
Cost Monitoring. The Trustees require that the Service Provider monitor costs incurred for the Preconstruction Phase separately. At the request of the Trustees, the Service Provider may be required to provide a cost report supporting Preconstruction Phase costs incurred by the Service Provider. Should the Trustees determine that the Service Provider did not staff the Preconstruction Phase as represented by the Service Provider’s proposal the Trustees will be entitled to recover unsupported payments to the Service Provider.
View SourceView Similar (3)
Cost Monitoring. Conslutant shall: a. Monitor Contractor and project delivery costs compared to budgets.
View SourceView Similar (2)
Cost Monitoring. Construction Project Manager will monitor the cost of the design in each phase. Construction Project Manager will maintain dialogue with the Design Consultant and provide cost information at the project meetings and on an as-needed basis.
View Source
Cost Monitoring. APM will monitor the cost of the design in each phase. APM will maintain dialogue with the Design-Builder and provide cost information at the project meetings.
View Source
Cost Monitoring. The Trustee is aware of the importance of monitoring the total investment costs and the impact that these costs can have on the potential value of the Trust's assets. Following the purchase of an Annuity Policy, responsibility for monitoring costs has been delegated to the Annuity Provider. The Trustees therefore do not monitor costs relating to the Policy, however they expect the Annuity Provider to confirm if costs are likely to have an impact on the agreed Policy. The Trustee paid a premium to LGAS when the Annuity Policy was initiated, and as a result there are no ongoing fees in respect of the Policy. 1 The Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018 In relation to assets that remain outside of the Annuity Policy, the Trustee recognises that in addition to annual management charges, there are a number of other costs and charges incurred throughout the investment process which contribute to the total cost. The Trustee collects annual cost transparency reports covering all of its investments held outside of the Annuity Policy and asks that the investment manager provides this data in line with the appropriate Cost Transparency Initiative (“CTI”) template for each asset class. This enables the Trustee to collect data in a standardised format and achieve a high-level breakdown of major cost categories. Additionally, the Trustee has appointed a consultant (i.e. XTP) specialising in the area of investment costs. XTP will assist in validating the CTI templates against other routine reporting provided by the asset manager, highlighting any observed discrepancies. XTP will support the Trustee in its understanding of the cost information and explain the costs associated with delivering similar investment services by using insights from its proprietary database of investment costs. The Trustee will challenge any cost figures or asset manager remuneration which deviate from industry expected levels. XTP will collate relevant information on behalf of the Trustee, which is expected to be helpful in future disclosure exercises and when assessing value for money. The Trustee expects its asset manager to offer full cost transparency and comply with any requests submitted by the Trustee or its appointed providers. This will be reviewed before the appointment of any new managers and includes the existing managers appointed by the Trust. The Trustee accepts that t...
View Source
Cost Monitoring. Monitor all costs and expenses of construction to confirm that at each stage of the construction process there are sufficient remaining funds within the Final Development Budget to complete the Project.
View Source
Cost Monitoring 
View Source

Related to Cost Monitoring

  • Contract Monitoring The criminal background checks required by this rule shall be national in scope, and must be conducted at least once every three (3) years. Contractor shall make the criminal background checks required by Paragraph IV.G.1 available for inspection and copying by DRS personnel upon request of DRS.

  • Project Monitoring The Developer shall provide regular status reports to the NYISO in accordance with the monitoring requirements set forth in the Development Schedule, the Public Policy Transmission Planning Process Manual and Attachment Y of the OATT.

  • Program Monitoring The Contractor will make all records and documents required under this Agreement as outlined here, in OEC Policies and NHECC Policies available to the SRO or its designee, the SR Fiscal Officer or their designee and the OEC. Scheduled monitoring visits will take place twice a year. The SRO and OEC reserve the right to make unannounced visits.

  • Monitoring In each case in which the Foreign Custody Manager maintains Foreign Assets with an Eligible Foreign Custodian selected by the Foreign Custody Manager, the Foreign Custody Manager shall establish a system to monitor (i) the appropriateness of maintaining the Foreign Assets with such Eligible Foreign Custodian and (ii) the contract governing the custody arrangements established by the Foreign Custody Manager with the Eligible Foreign Custodian. In the event the Foreign Custody Manager determines that the custody arrangements with an Eligible Foreign Custodian it has selected are no longer appropriate, the Foreign Custody Manager shall notify the Board in accordance with Section 3.2.5 hereunder.

  • Monitoring Services IDT staff shall, using methods that include face-to-face and other contacts with the member, monitor the services a member receives. This monitoring shall ensure that: a. The member receives the services and supports authorized, arranged for and coordinated by the IDT staff; b. The services and supports identified in the MCP as being provided by natural and community supports are being provided; and c. The quality of the services and supports received is adequate and still necessary to continue to meet the needs and preferences of the member and support the member’s outcomes identified in the MCP.