Common use of Definition of the Cost of the Work Clause in Contracts

Definition of the Cost of the Work. The cost of the work as herein referred to means the cost to the Owner, but such cost shall not include any Architect's/Engineer's or Engineer's fees or reimbursements or cost of the services of a resident engineer inspector. When labor or material is furnished by the Owner below its market cost, the cost of the work shall be computed upon such market cost.

Definition of the Cost of the Work. The cost of the work as herein referred to means the cost to the Owner, but such cost shall not include any Architect'sArchi­tect's/Engineer's or Engineer's fees or reimbursements or cost of the services of a resident engineer inspector. When labor or material is furnished by the Owner below its market cost, the cost of the work shall be computed upon such market cost.