Common use of Direct Cost of the Work Clause in Contracts

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).