Cost Statement Sample Clauses
A Cost Statement clause defines the requirement for one party to provide a detailed breakdown of costs incurred or anticipated in relation to a contract or project. Typically, this clause specifies the format, timing, and supporting documentation needed for the cost statement, ensuring that all relevant expenses are transparently reported and justified. Its core function is to promote financial transparency and accountability, helping both parties monitor expenditures and manage budgets effectively.
Cost Statement. The mutually approved budget proposal for the on- going rate will become the cost statement (“Cost Statement”). Center will rely upon the cost statement to establish Contractor’s on- going rates of payment under the Service Provider Agreement for the service provided under Service Code [ongoing service code].
Cost Statement. Lessee's Contribution: Lessor will prepare for Lessee's approval a cost statement which upon completion and approval shall be attached as Exhibit E (the "Phase I Cost Statement"), showing the expected construction cost of the Lessee Interior Improvements for Phase I. Lessor may include in the Phase I Cost Statement, a construction management fee, covering its overhead and profit equal to six percent (6%) of all costs shown on the Phase I Cost Statement including 3% for general conditions plus any additional costs approved by Lessee. No other general contractor's fees or costs shall be charged to Lessee or against the Phase I TI Allowance in connection with the Lessee Interior Improvements. If Lessor's actual cost exceeds the Phase I Cost Statement, Lessee may pay the excess or remove items until the total costs are acceptable to Lessee. Lessor and Lessee shall negotiate in good faith to reduce the costs for construction of the Lessee Interior Improvements for Phase I by modifying the plans or taking other appropriate actions. Lessee shall pay its approved share of the cost for construction of the Lessee Interior Improvements for Phase I within fifteen (15) days after Lessor has billed Lessee and provided Lessee with evidence that the approved work being billed has been installed. All costs payable by Lessee for construction of the Lessee Interior Improvements for Phase I shall be reasonably documented and subject to verification by Lessee.
Cost Statement. 8.1 Contractor shall prepare with respect to each Quarter, a Cost Statement containing the following information:
a) Total Petroleum Costs in previous Quarters, if any;
b) Petroleum Costs for the Quarter in question;
c) Total Petroleum Costs as of the end of the Quarter in question (subsection 8.1(a) plus subsection 8.1(b));
d) Petroleum Costs for Development Operations advanced in the Quarter in respect of GNPC’s Participating Interest pursuant to Article 2 of the Agreement;
e) Costs as specified in (d) above which have been recovered during the Quarter pursuant to Article 10.1(e) of the Agreement and the balance, if any, of such costs unrecovered and carried forward for recovery in a later period. Petroleum Costs for Exploration, Development and Production Operations as detailed above shall be separately identified for each Development and Production Area. Petroleum Costs for Exploration Operations not directly attributable to a specific Development Area shall be shown separately.
8.2 The Cost Statement of each Quarter shall be submitted to GNPC no later than thirty (30) days after the end of such Quarter.
Cost Statement. 31.16.1 Licensee shall prepare with respect to each Quarter, a Cost Statement containing the following information:
a) Total Petroleum Costs in previous Quarters, if any;
b) Petroleum Costs for the Quarter in question;
c) Total Petroleum Costs as of the end of the Quarter in question (subsection 31.16.1
31.16.2 The Cost Statement of each Quarter shall be submitted to the Director General no later than forty-five (45) days after the end of such Quarter.
Cost Statement. Lessee's Contribution: Lessor has prepared and Lessee has approved the cost statement substantially in the form attached as Exhibit F (the "Cost Statement"), showing the expected construction cost and the actual items to be constructed by Lessor of the Lessee Interior Improvements, the TI Allowance, and the maximum cost Lessee must pay for construction of the Lessee Interior Improvements. Lessor may include in the Cost Statement, a construction management fee, covering all of its overhead, accounting, , profit, and other similar costs not otherwise expressly indicated on the Cost Statement, equal to six percent (6%) of the cost of the Lessee Interior Improvements . General Condition expense shall be reflected in the Cost Statement. Lessee's Cost Statement indicates that Lessee's share of the construction cost of Lessee Interior Improvements will not exceed $339,560 (the "Lessee's Maximum Contribution"). After the bids for construction of the Lessee's Improvements, as specified above are obtained, the indicated amount of Lessee's share of the construction cost of Lessee Interior Improvements based on such bids is more than 5% in excess of the Lessee's Maximum Contribution as shown on the Lessee's Cost Statement, then Lessee may either (a) proceed with the Lease and the Lessee's Maximum Contribution shall be increased to the higher number established by the bidding, or (b) Lessee shall have the right to modify the Lessee's Improvement Plans or to remove items from such Plans, until the maximum amount to be paid by Lessee is acceptable to Lessee. In all events, Lessor and Lessee shall negotiate in good faith to reduce the total bid for construction of the Lessee Interior Improvements for by modifying the plans or taking other appropriate actions Lessor shall not exceed above without approval of Lessee. Lessee shall pay its approved share of the cost for construction of the Lessee Interior Improvements, up to an aggregate amount not exceeding the Lessee's Maximum Contribution, within fifteen (15) days after the Commencement Date. All costs payable by Lessee for construction of the Lessee Interior Improvements shall be reasonably documented and subject to verification by Lessee. Notwithstanding anything to the contrary in this Lease, in no event shall the Lessee's Cost Statement including the TI Allowance (or Additional TI Allowance) be used to pay, nor shall Lessee be required to pay, any of the following costs in connection with the construction of Lessee Imp...
Cost Statement. Sublandlord acknowledges and approves Subtenant's -------------- use of SC Builders for completing construction of the Subtenant Improvements. Subtenant shall request and obtain from SC Builders a written commitment for completing construction of the Subtenant Improvements in accordance with the Final Plans. SC Builders will bid out each of the subcontractors. Sublandlord's approval of SC Builders as the general contractor for construction of the Subtenant Improvements is conditioned on SC Builders status as a union contractor, which Subtenant hereby represents is true and correct. All subcontractors, laborers, materialmen, and suppliers shall conduct their activities in and around the Premises, Buildings and Project in a harmonious relationship with all other subcontractors, laborers, materialmen and suppliers at the Premises, Buildings and Project, and, if necessary, union labor shall be employed to achieve such harmonious relations.
Cost Statement. 32.16.1 Licensee shall prepare with respect to each Quarter, a Cost Statement containing the following information:
a) Total Petroleum Costs in previous Quarters, if any;
b) Petroleum Costs for the Quarter in question;
c) Total Petroleum Costs as of the end of the Quarter in question subsection 32.16.1
d) 31.16.1 (a) plus subsection 32.16.1 (b)). Petroleum Costs for Exploration, Development and Production Operations as detailed above shall be separately identified for each Development and Production Area. Petroleum Costs for Exploration Operations not directly attributable to a specific Development Area shall be shown separately.
32.16.2 The Cost Statement of each Quarter shall be submitted to the Director General no later than forty-five (45) days after the end of such Quarter.
Cost Statement. (a) Within a reasonable time (and in any event within 2 days) of receipt of the Authorised Order Change Request, the MSP will provide the relevant Agency with a cost statement detailing any increase or decrease in the Charges if the Authorised Order Change Request was implemented ("Cost Statement").
(b) In preparing the Cost Statement, the MSP will use the Charges applicable on the date the Authorised Order was first approved by an Authorised Personnel.
(c) The Cost Statement will show the costs incurred by the MSP in relation to work done or services provided in respect of the Authorised Order which will not be required to be performed if the Authorised Order Change Request is implemented ("Redundant Work").
Cost Statement. Once the parties have approved the Final -------------- Plans, Tenant shall select a licensed general contractor or the required subcontractors and shall obtain a written commitment for a guaranteed maximum cost for materials and labor for construction of Tenant's Improvements in accordance with the Plans. Tenant's general contractor shall be subject to Landlord's approval, which shall not be unreasonably withheld. Tenant shall deliver to Landlord said written commitment together with Tenant's estimate of all other Tenant's Improvement Costs (the "Cost Statement").
Cost Statement. Following Tenant’s approval (or deemed approval) of the Plans and Specifications, Landlord shall solicit competitive bids from at least three (3) subcontractors for each major trade. Landlord and Tenant shall review the bids jointly and select one sub-contractor for each item bid. Promptly following the selection of a subcontractor for each major trade, Landlord shall deliver to Tenant a statement of the cost to construct and install all of the Tenant Improvements (the “Cost Statement”). Tenant acknowledges and agrees that (A) the cost to construct and install the Tenant Improvements shall include a fee payable to the project’s construction manager or general contractor, (B) that such construction manager or general contractor may be a subsidiary, affiliate or employees of Landlord, and (C) said fee shall be included in the Cost Statement and applied against the Allowance (as hereinafter defined). ▇▇▇▇▇▇ agrees to acknowledge the Cost Statement in writing within three (3) days following ▇▇▇▇▇▇▇▇’s written request therefor.