Division of Cost Clause Samples

The Division of Cost clause establishes how expenses related to a contract or project will be allocated between the involved parties. Typically, it outlines which party is responsible for specific costs, such as materials, labor, or administrative fees, and may set forth a formula or percentage split for shared expenses. This clause ensures transparency and fairness in financial responsibilities, helping to prevent disputes over payment obligations and clarifying each party’s financial commitments.
Division of Cost. Insert the division of cost page (see separate instruction for completing this document). For additional addenda, check this box and insert a description of the item and attach it to the agreement.
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Division of Cost. The division of cost to the SUBCONSULTANT is summarized in the table below. The method of compensation is Cost Plus Fixed Fee. The complexity factor for this PROJECT is  . SUBCONSULTANT PRIME THRU _____SUPP _____SUPP AMOUNT PHASE II LABOR (PAYROLL & OVERHEAD) $ $ $ PHASE III LABOR* (PAYROLL & OVERHEAD) $ $ $ FIXED FEE $ $ $ DIRECT COSTS $ $ $ SUBTOTAL $ $ $ *Note: Phase III hours are negotiated as a separate item and those funds can be used only for the intended functions. They may not be used for direct labor on other negotiated tasks. SUBCONSULTANT PRIME THRU _____SUPP _____SUPP AMOUNT LABOR (PAYROLL & OVERHEAD) $ $ $ FIXED FEE $ $ $ DIRECT COSTS $ $ $ SUBTOTAL $ $ $ Provisional Rate. A provisional rate for fringe benefit and overhead has been used for the interim to establish the Total Agreement Amount. When invoicing the department, the SUBCONSULTANT may use the most current approved overhead rate if the rate is higher than the established rate and must use the most current approved overhead rate if the rate is lower than the established rate. At the conclusion of the PROJECT, the actual additive rate for fringe benefit and overhead will be determined by the DEPARTMENT’S audit. If the audited rate(s) differ from the provisional rate, for the final audit, the audited rate(s) will be applied to the audited payroll in that fiscal year.
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Division of Cost. The division of cost to the SUBCONSULTANT is summarized in the table below. The method of compensation is Direct Labor Multiple. The complexity factor for this PROJECT is  . The PROJECT multiplier is  . PRIME THRU     PHASE Labor $  $  $  $  $  Direct Cost $  $  $  TOTAL AGREEMENT AMOUNT $  $  $  TOTAL NEGOTIATED DIRECT LABOR MULTIPLE COST $  $  $  TOTAL DIRECT COST $  $  $  *NOTE: The QC/QA and Phase III costs are included in the amount column. $  was Authorized by Prior Approval Authorization on  . The Authorization by the Prior Approval is increased by  , from   to  .
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Division of Cost. The division of cost to the SUBCONSULTANT is summarized in the table below. The method of compensation is Cost Plus Fixed Fee.
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Division of Cost. Landlord may construct and operate other office buildings located adjacent to the Building and Tenant agrees that Landlord may treat the Building and the adjacent buildings as one unit for the purpose of purchasing and providing energy and water, insurance and common services included within the definition of Operating Costs. Landlord shall equitably allocate such costs between the Building and the adjacent building(s) for each lease year or partial lease year.
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Division of Cost. Location Map The LPA further agrees as a condition of payment, that it accepts and will comply with the applicable provisions set forth in this agreement and all Addenda indicated above. Local Public Agency Department of Transportation Name of Official (Print or Type Name) ▇▇▇▇ ▇▇▇▇▇ P.E., Acting Secretary Date Title of Official Signature Date By: Director of Planning & Programming Date The above signature certifies the agency's Tin number is ▇▇▇▇▇▇▇▇▇ conducting business as a Governmental Entity. Duns Number 094758299 Director of Planning & Programming Date ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Chief Counsel Date ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, Acting Chief Fiscal Officer Date Local Public Agency County Section Number Village of Schaumburg ▇▇▇▇ 17-00129-00-PV Job Number Project Number Job Number Project Number Job Number Project Number C-91-063-21 91DZ(172) DIVISION OF COST Federal Funds State Funds Local Public Agency Type of Work Fund Type Amount % Fund Type Amount % Fund Type Amount % Totals - Construction Engineering STU $90,915.00 75% $0.00 0% $30,305.00 25% $121,220.00 - Participating Construction STU $1,050,000.00 75% $0.00 0% $350,000.00 25% $1,400,000.00 - - - - - - - - Add If funding is not a percentage of the total place an asterisk (*) in the space provided for the percentage and explain below: NOTE: The costs shown in the Division of Cost table are approximate and subject to change. The final LPA share is dependent on the final Federal and State participation. The actual costs will be used in the final division of cost for billing and reimbursement. This form shall be used when a local public agency (LPA) project involves Federal-Aid, with or without state funds and this standard form is sufficient to describe all details of the agreement. For more information refer to the Bureau of Local Roads and Streets Manual (BLRS) Chapter 5. For signature requirements refer to Chapter 2, Section 3.05(b) of the BLRS manual. When filling out this form electronically, once a field is initially completed, fields requiring the same information will be auto-populated. Name of LPA Insert the name of the LPA County Insert the name of the county in which the LPA is located.
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Division of Cost. The division of cost to the SUBCONSULTANT is summarized in the table below. The method of compensation is Direct Labor Multiple. The complexity factor for this PROJECT is  . The PROJECT multiplier is  . SUBCONSULTANT PRIME THRU _____SUPP _____SUPP AMOUNT PHASE II LABOR (PAYROLL & OVERHEAD) $ $ $ PHASE III LABOR* (PAYROLL & OVERHEAD) $ $ $ FIXED FEE $ $ $ DIRECT COSTS $ $ $ SUBTOTAL $ $ $ *Note: Phase III hours are negotiated as a separate item and those funds can be used only for the intended functions. They may not be used for direct labor on other negotiated tasks. SUBCONSULTANT PRIME THRU _____SUPP _____SUPP AMOUNT LABOR (PAYROLL & OVERHEAD) $ $ $ FIXED FEE $ $ $ DIRECT COSTS $ $ $ SUBTOTAL $ $ $ Upper Limits. Within the total AGREEMENT amount, there are separate upper limits for labor (payroll and overhead), fixed fee and direct costs that cannot be exceeded. The CONSULTANT is to invoice at the actual cost up to these upper limits. The DEPARTMENT will only reimburse direct costs included in the AGREEMENT.
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Division of Cost. Type of Work TARP (1) LA (2)   Total Participating Construction       ** Expression is faulty ** Non-Participating Construction       ** Expression is faulty ** Preliminary Engineering       ** Expression is faulty ** Construction Engineering       ** Expression is faulty **         ** Expression is faulty **         ** Expression is faulty **         ** Expression is faulty ** TOTAL $** Expression is faulty ** $** Expression is faulty ** ** Expression is faulty ** $** Expression is faulty ** Note 1/ It is mutually agreed that the STATE’S share of the PROJECT cost under the Truck Access Route Program shall be a lump sum amount of $  not to exceed 50% of the final construction cost, whichever is the lesser. 2/ Any remaining balance shall be the responsibility of the LA.   Upon award of the project and request of payment from the LA, the STATE will pay the LA its share of the project costs.
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Division of Cost. Type of Work EDP (1) (%) LA (2) (%)   Total Participating Construction   ( )   ( )   ** Expression is faulty ** Non-Participating Construction   ( )   ( )   ** Expression is faulty ** Preliminary Engineering   ( )   ( )   ** Expression is faulty ** Construction Engineering   ( )   ( )   ** Expression is faulty **     ( )   ( )   ** Expression is faulty **     ( )   ( )   ** Expression is faulty **     ( )   ( )   ** Expression is faulty ** TOTAL $** Expression is faulty ** $** Expression is faulty ** $** Expression is faulty ** Note 1/ The STATE will reimburse the LA for eligible construction and engineering costs of the project subject to a maximum of $ . 2/ Any remaining balance shall be the responsibility of the LA in the event the Economic Development funds are not sufficient to cover the project costs.   The STATE will pay the LA, 95% of its share of the construction costs upon the award of the construction contract and receipt of billing from the LA. The remaining 5% will be paid to the LA upon receipt of the final invoice. The STATE will reimburse the LA for the STATE’s share of the Preliminary and Construction Engineering on the basis of periodic ▇▇▇▇▇▇▇▇ provided said ▇▇▇▇▇▇▇▇ contain sufficient cost information and include orders of payment by the LA. The final invoice will reflect the incurred cost of the improvement, less previous payments, no later than one year from the date of completion of the improvement. If a final invoice is not received within one year of completion of the improvement the most recent invoice will be considered the final invoice and the obligation of funds will be closed.
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Related to Division of Cost

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

  • Documentation of Costs All costs shall be supported by properly executed payrolls, time records, invoices, contracts, or vouchers or other official documentation evidencing in proper detail the nature and propriety of charges. All checks, payrolls, invoices, contracts, vouchers, orders, or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified and readily accessible.

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Opinions of Cost Because the Consultant does not control the cost of labor, materials, equipment or services furnished by others, methods of determining prices, or competitive bidding or market conditions, any opinions rendered as to costs, including but not limited to the costs of construction and materials, are made solely based on its judgment as a professional familiar with the industry. The Consultant cannot and does not guarantee that proposals, bids or actual costs will not vary from its opinions of cost. If the Client wishes greater assurance as to the amount of any cost, it shall employ an independent cost estimator. Consultant's services required to bring costs within any limitation established by the Client will be paid for as Additional Services.