Extra Cost Sample Clauses

The Extra Cost clause defines the circumstances under which a party may claim additional payment for costs that exceed the original contract price. Typically, this clause outlines the process for notifying the other party of unforeseen expenses, such as changes in project scope, unexpected site conditions, or regulatory changes that increase costs. Its core practical function is to allocate financial risk by providing a clear mechanism for addressing and compensating for unanticipated expenses, thereby reducing disputes over payment and ensuring project continuity.
POPULAR SAMPLE Copied 1 times
Extra Cost. If the Contractor maintains that any instructions by drawings or otherwise involve extra cost to the Owner under this Contract, the Contractor shall give the Owner and the Engineer written notice thereof within a reasonable time after the receipt of such instructions, and in any event before proceeding to execute any change except in emergency endangering life or property. The allowances to the Contractor shall then be as provided under Article 29 of the General Conditions. No claim for extra cost shall be valid unless so made.
View SourceView Similar (9)
Extra Cost. Should the Supplier incur extra cost owing to variation or suspension of the supply of the Goods by the Hirer’s instructions or lack of instructions, delays, over time, unusual hours, mistakes, or work, for which the Supplier is not responsible, a reasonable sum in respect of such extra cost including a reasonable element in respect of profit shall be added to the Hire Charges.
View Source
Extra Cost. If any Advance is nominated in any currency other than USD the Banks shall be reimbursed for any extra cost (including indirect costs in respect of reserve requirement) due to such nomination as conclusively determined by the Facility Agent. If an Advance is nominated in GBP such extra costs shall be equal to the Associated Costs Rate.
View Source
Extra Cost. Should we incur extra cost owing to variation or suspension of the supply of the Goods by the Customer’s instructions or lack of instructions, delays, over time, unusual hours, mistakes, or work, for which we are not responsible, a reasonable sum in respect of such extra cost including a reasonable element in respect of profit shall be added to Total Annual Premium.
View Source
Extra Cost. Transformer On actual Electric meter On actual Generator On actual
View Source

Related to Extra Cost

  • Extra Work At any time during the Term of this Agreement, City may request that Consultant perform Extra Work. As used herein, “Extra Work” means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement. Consultant shall not perform, nor be compensated for, Extra Work without written authorization from City’s Representative.

  • Complete Work without Extra Cost Except to the extent otherwise specifically stated in this contract, the Contractor shall obtain and provide, without additional cost to the City, all labor, materials, equipment, transportation, facilities, services, permits, and licenses necessary to perform the Work.

  • Unallowable Costs Costs that are unallowable under other sections of these principles shall not be allowable under this section solely on the basis that they constitute personnel compensation.

  • Property Tax The Lessor shall be responsible for payment of present and future Property Tax imposed by the municipal authorities in respect of the Demised Premises.

  • Allowable Costs A. Allowable Costs are restricted to costs that are authorized under Texas Uniform Grant Management Standards (TxGMS) and applicable state and federal rules and laws. This Grant Agreement is subject to all applicable requirements of TxGMS, including the criteria for Allowable Costs. Additional federal requirements apply if this Grant Agreement is funded, in whole or in part, with federal funds. B. System Agency will reimburse Grantee for actual, allowable, and allocable costs incurred by Grantee in performing the Project, provided the costs are sufficiently documented. Grantee must have incurred a cost prior to claiming reimbursement and within the applicable term to be eligible for reimbursement under this Grant Agreement. At its sole discretion, the System Agency will determine whether costs submitted by Grantee are allowable and eligible for reimbursement. The System Agency may take repayment (recoup) from remaining funds available under this Grant Agreement in amounts necessary to fulfill Grantee’s repayment obligations. Grantee and all payments received by Grantee under this Grant Agreement are subject to applicable cost principles, audit requirements, and administrative requirements including applicable provisions under 2 CFR 200, 48 CFR Part 31, and TxGMS. C. OMB Circulars will be applied with the modifications prescribed by TxGMS with effect given to whichever provision imposes the more stringent requirement in the event of a conflict.