Direct Cost of the Work Sample Clauses

The 'Direct Cost of the Work' clause defines which expenses are considered direct costs in a construction or service contract. Typically, this includes costs such as labor, materials, equipment, and other resources directly attributable to the completion of the project, excluding overhead or indirect expenses. By clearly specifying what constitutes a direct cost, this clause ensures transparency in billing and reimbursement, helping to prevent disputes over which costs are chargeable to the client.
Direct Cost of the Work. The CMR’s Direct Cost of the Work is defined as the sum of all Subcontractor costs, Allowances, fees and charges, including Subcontractor insurance (other than OCIP Insurance) and Subcontractor bond costs incurred during the Construction Phase. 8.1.5.1.1. Allowance(s). The Allowance(s) amount(s) are amounts for which the CMR may bill its time and materials, but no other amounts including no Subcontractor bond costs or CMR-provided subcontractor default insurance protection in lieu of Subcontractor bonds (e.g., SubGuard), all Bonds and Insurance premium charges or other mark- up(s). The unused portion of each Allowance shall be retained by the Judicial Council at the end of the Project, including retaining all associated Subcontractor bond costs or CMR-provided subcontractor default insurance protection in lieu of Subcontractor bonds (e.g., SubGuard), all Bonds and Insurance premium charges and other mark-up(s).
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Direct Cost of the Work. The total cost of the actual construction of the Project as may be revised throughout the Construction Phase via a Change Order and/or the use of the Project Contingency. The Direct Cost of the Work is further described in Exhibit B to the Agreement, is a component of the GMP and includes only 1.1.23.1. The sum of all Subcontractor costs, fees and charges, including Subcontractor non-OCIP insurance and bond costs incurred during the Construction Phase (or CMR-provided contractor default insurance protection in lieu of Subcontractor bonds), but not any component of Work that is part of the CMR’s General Conditions; 1.1.23.2. All Allowance(s).
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Direct Cost of the Work. 9.1 Definition - The term Direct Cost of the Work shall mean costs necessarily incurred in the Project during the Construction Phase for Construction services and paid by the Construction Manager, which are not included in the Construction Manager’s Construction Phase Fee. Such costs shall include the items set forth below in this Article. The Owner agrees to pay the Construction Manager for the Direct Cost of the Work as defined in Article 9. Such payment shall be in addition to the Construction Manager's fees stipulated in Article 8, and shall be detailed in each monthly payment requisition.
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Direct Cost of the Work. The Contractor’s sub-contractor and supplier costs, including wages of construction labor as described in Paragraph 6. 1.2.1 along with labor/fringe benefits and burden for that labor; materials/equipment used to perform construction of Work, including rental or use of Contractor-owned equipment; rental or purchased small tools used to perform construction of Work; municipal fees and costs for water and sewer system permits, development fees, installation and meters associated with water and sewer facilities; cranes, elevators, lifts and other lifting equipment including rental, operator costs and safety inspections; delivery, erecting and dismantling; fuel, normal repairs, maintenance and service costs; and surveyor services. Costs incurred during extended equipment idle periods on the site may be declined by the Owner.
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Related to Direct Cost of the Work

  • Cost of the Work The sum of all allowable costs necessarily incurred and paid by Contractor in the proper performance of the Work.

  • Direct Costs The Contractor shall separately identify each item of deleted and added work associated with the change or other condition giving rise to entitlement to an equitable adjustment, including increases or decreases to unchanged work impacted by the change. For each item of work so identified, the Contractor shall propose for itself and, if applicable, its first two tiers of subcontractors, the following direct costs: (1) Material cost broken down by trade, supplier, material description, quantity of material units, and unit cost (including all manufacturing burden associated with material fabrication and cost of delivery to site, unless separately itemized); (2) Labor cost broken down by trade, employer, occupation, quantity of labor hours, and burdened hourly labor rate, together with itemization of applied labor burdens (exclusive of employer’s overhead, profit, and any labor cost burdens carried in employer’s overhead rate); (3) Cost of equipment required to perform the work, identified with material to be placed or operation to be performed; (4) Cost of preparation and/or revision to shop drawings and other submittals with detail set forth in paragraphs (e)(1) and (e)(2) of this clause; (5) Delivery costs, if not included in material unit costs; (6) Time-related costs not separately identified as direct costs, and not included in the Contractor’s or subcontractors’ overhead rates, as specified in paragraph

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • Project Cost Overruns In the event that the Recipient determines that the moneys granted pursuant to Section II hereof, together with the Local Subdivision Contribution, are insufficient to pay in full the costs of the Project, the Recipient may make a request for supplemental assistance to its District Committee. The Recipient must demonstrate that such funding is necessary for the completion of the Project and the cost overrun was the result of circumstances beyond the Recipient's control, that it could not have been avoided with the exercise of due care, and that such circumstances could not have been anticipated at the time of the Recipient's initial application. Should the District Committee approve such request the action shall be recorded in the District Committee's official meeting minutes and provided to the OPWC Director for the execution of an amendment to this Agreement.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.