Cost of Materials Clause Samples
The 'Cost of Materials' clause defines how expenses related to materials used in a project or contract are handled between the parties. Typically, it specifies whether the cost of materials is included in the overall contract price or billed separately, and may outline procedures for approval, reimbursement, or documentation of material purchases. This clause ensures transparency and prevents disputes by clearly allocating responsibility for material costs and setting expectations for how such expenses will be managed.
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Cost of Materials. Subrecipient will not buy materials and resell to the State at a profit.
Cost of Materials. Grantee will not buy materials and resell to the State at a profit.
Cost of Materials. A change in the price of an item of more than five percent (5%) between the date of Seller’s Quotation and the date of Seller’s procurement or installation shall warrant an equitable adjustment in the Agreement price, which the parties agree to negotiate in good faith.
Cost of Materials. Unless otherwise agreed in writing, Sponsor shall be solely responsible for all costs and expenses incurred producing (including, without limitation, design, production and installation) marketing materials, signage, and/or branding or entitlement, if any
Cost of Materials. If Consultant shall reasonably determine that Consultant will be unable to perform the consulting services under this Agreement without procuring certain materials with an aggregate cost exceeding $100, Consultant shall promptly notify the Company in writing of its need to procure such materials and the date by which such materials must be received by Consultant. Upon receipt of such notice from Consultant, the Company shall thereafter have the option to either procure the materials itself or, in the alternative, authorize Consultant to procure the materials directly. If the Company should elect to authorize Consultant to procure the materials directly, it shall notify Consultant of such election, and the Company agrees to reimburse Consultant within 10 business days of its receipt of a separate invoice from Consultant for Consultant' actual cost of the materials as authorized by the Company.
Cost of Materials. 2 Expenses and materials to establish courses of study within the confines of the District which 3 would be of mutual benefit to the employee and the District will be paid by the District.
Cost of Materials. Sub-grantee will not buy materials and resell to the CCRPC at a profit.
Cost of Materials. Except for Landlord’s Contribution and Landlord’s Security System Contribution, Tenant shall bear all other costs of preparing the Premises for its occupancy in accordance with the final plans.
Cost of Materials. 4.4.1 Pfizer will provide DPI with Pfizer Inputs as indicated in the Annual Project Plan, in connection with the development and synthesis of Compounds. With the exception of Pfizer Inputs, DPI will be responsible for acquiring [ *** ]. If however, [ *** ]. If [ *** ].
4.4.2 If DPI requires specialty materials with Compounds such as [ *** ].
4.4.3 [ *** ] and [ *** ] will be provided by DPI for [ *** ]. This includes but is not limited to the following [ *** ]. By way of examples, this includes but is not limited to [ *** ]
4.4.4 [ *** ] will be provided by DPI.
4.4.5 [ *** ] requested by Pfizer that [ *** ].
4.4.6 The cost of waste disposal will belong to [ *** ].
Cost of Materials. The cost (which may vary based on market prices) of all Materials purchased by Manufacturer hereunder shall be passed on to Company at Manufacturer’s actual cost (including all savings related to increased volume or supplier efficiency including on or off invoice rebates and quick pay discounts) with a markup of 7.15% of the cost of any Materials, inclusive of all expenses (including actual scrap up to a maximum of 9.0% for raw materials and other ingredients and up to 5.0% for packaging materials) (the “Markup”). Manufacturer shall be responsible for the cost (and not be entitled to any Markup) for any and all scrap exceeding 9.0% for raw materials and other ingredients and 5.0% for packaging materials. The Parties shall work together in good faith to determine any true-ups necessary regarding raw material and other ingredients and packaging material costs on a quarterly cycle count and inventory reconciliation basis, with averages to be determined by SKU groups. For example, average scrap rates for each of potato-based SKUs, peanut-based SKUs, and other legume-based SKUs will be determined separately. To the extent that the cost of any Materials is calculated based on the weight of such Materials, the cost passed on to Company and any Markup on such cost shall be calculated based only upon the finished weight of such Materials as components of the Products and shall not be calculated based on the raw weight of Materials as purchased by Manufacturer. For example, if Manufacturer purchases 5,500,000 pounds of potato pellets which results in 4,900,000 pounds of Product, Manufacturer may pass on to the Company 107.15% of the cost of 5,384,615.4 pounds of potato pellets (which would represent the raw pounds that would have been required to produce 4,900,000 pounds of Product if the scrap rate had been the maximum rate of 9.0%). The cost of the remaining scrapped potato pellets (115,384.6 pounds) would be borne solely by the Manufacturer. Manufacturer is solely responsible for sourcing Materials and ensuring the quality of such Materials, and all of the components thereof, through Certificate of Analysis compliance and any other requirements set forth in the QA Procedures; provided that Manufacturer and Company will work together closely to source Materials and share best practices to maximize efficiencies, and Manufacturer shall employ best efforts to continuously source new potential Materials suppliers that could provide lower costs to Company consistent wi...