Materials and Subcontracts Sample Clauses

Materials and Subcontracts. (i) Buyer shall determine allowable costs of direct materials in accordance with Part 31 of the Federal Acquisition Regulations in effect on the date of this Contract. Reasonable and allocable material handling costs may be included in the charge for material, but only to the extent they are excluded from the hourly rate. (Material handling costs are comprised of indirect costs, including, when appropriate, General and Administrative expense, allocated to direct materials in accordance with Seller’s usual accounting practices). Seller shall support all material costs claimed by submitting paid invoices, storeroom requisitions, or by other substantiation acceptable to the Buyer. (ii) The cost of subcontracts that are authorized by the Buyer shall be reimbursable costs hereunder. Reimbursable cost in connection with subcontracts shall be limited to the amounts actually required to be paid by Seller to the subcontractor and shall not include any costs arising from the letting, administration or supervision of performance of the subcontract, which costs are included in the hourly rate or rates payable under subparagraph a.(i) above.
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Materials and Subcontracts. (1) Allowable costs of direct materials shall be determined by Buyer in accordance with Part 31, of the Federal Acquisition Regulation in effect on the date of this purchase order. Reasonable and allocable material handling costs may be included in the charge for material at cost to the extent they are clearly excluded from the hourly rate. Material handling costs are comprised of indirect costs, including, when appropriate, general and administrative expense, allocated to direct materials in accordance with Seller's usual accounting practices consistent with Part 31 of the Federal Acquisition Regulation. Seller shall be reimbursed for items and services purchased directly for the purchase order only when cash, checks, or other forms of actual payment has been made for such purchased items or services. Seller shall support all material costs claimed by submitting paid invoices or storeroom requisitions, or by other substantiation acceptable to Buyer. Direct materials, as referenced by this clause, are defined as those materials which enter directly into the end product, or which are used or consumed directly in connection with the furnishing of such product. All costs included in the invoice must be computed in accordance with the latest revision of Section 31 of FAR and allowable with the principles therein. No payment shall be made for costs included in the invoice that are unallowable by Section 31. (2) The cost of subcontracts which are authorized pursuant to these terms shall be reimbursable costs hereunder, provided such costs are consistent with subparagraph (3) below. Reimbursable cost in connection with subcontracts shall be limited to the amounts actually required to be paid by Seller to the lower-tier subcontractor and shall not include any costs arising from the letting, administration or supervision of performance of the subcontract, which costs are included in the hourly rate or rates payable under (a) (l) above. The requirement of payment for reimbursement shall not apply to the subcontractor who is a small business concern. (3) Seller shall, to the extent of his ability, procure materials at the most advantageous prices available with due regard to securing prompt delivery of satisfactory materials, and take all cash and trade discounts, rebates, allowances, credits, salvage, commissions, and other benefits. When unable to take advantage of such benefits, Seller shall promptly notify Buyer to that effect, and provide rationale. Credit shall...
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Materials and Subcontracts. Materials purchased by Contractor for the time and materials Work, and time and materials Work performed by Subcontractors and Sub-subcontractors, shall be invoiced to Owner ***.
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Materials and Subcontracts. Allowable costs of materials shall include reasonable and allocable material handling or indirect costs allocated to materials in accordance with the Seller's usual accounting practices. Seller shall support all material costs claimed by submitting paid invoices or storeroom requisitions, or by other substantiation acceptable to Aerojet. The price of subcontracts which are authorized pursuant to the “Assignment and Subcontracts” clause hereof shall be reimbursable costs hereunder. Reimbursable cost of subcontracts shall be limited to the amounts actually required to be paid by Seller to the subcontractor and shall not include any costs for placing, administration or supervision of the subcontract. The Seller shall, to the extent of its ability, procure materials at the most advantageous prices available with due regard to securing prompt delivery of satisfactory materials, and take all cash and trade discounts, rebates, allowances, credits, salvage, commissions and other benefits.
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Materials and Subcontracts. Notwithstanding inspection and acceptance by Aerojet Rocketdyne, Inc., the Seller warrants that it will perform the Work under this Contract with the high degree of professional skill and sound practices and judgment normally exercised by recognized professional firms with respect to services of a similar nature or the degree Seller described in proposals or marketing materials, whichever is higher. If the Seller is required to correct or reperform nonconforming Work, Seller shall be subject to this Clause to the same extent as work initially performed. b. Seller warrants that it is and shall remain free of any obligation or restriction that would interfere or be inconsistent with, or present a conflict of interest concerning, the Work to be performed by Seller under this Contract. c. This warranty shall survive inspection, acceptance and payment, and shall run to Aerojet Rocketdyne, Inc. and its successor, assigns, and customers. If the Contract expires, is completed or is terminated, Seller shall not be relieved of the continuing obligations of this warranty.
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Materials and Subcontracts. (1) Seller shall be reimbursed for items and services purchased directly for the purchase order only when cash, checks, or other forms of actual payment has been made for such purchased items or services. Seller shall support all material costs claimed by submitting paid invoices or storeroom requisitions, or by other substantiation acceptable to Buyer. Direct materials, as referenced by this clause, are defined as those materials which enter directly into the end product, or which are used or consumed directly in connection with the furnishing of such product. (2) The cost of subcontracts which are authorized pursuant to these terms shall be reimbursable costs hereunder, provided such costs are consistent with subparagraph (3) below. (3) Seller shall, to the extent able, procure materials at the most advantageous prices available with due regard to securing prompt delivery of satisfactory materials, and take all cash and trade discounts, rebates, allowances, credits, salvage, commissions, and other benefits. Seller agrees that any refunds, rebates, or credits (including any interest thereon) accruing to or received by Seller or any assignee which arise under the materials portion of this purchase order and for which ▇▇▇▇▇▇ has received reimbursement, shall be paid by Seller to Buyer. Seller and each assignee, under an assignment entered into under this purchase order and in effect at the time of final payment under this purchase order, shall execute and deliver, at the time of and as a condition precedent to final payment under this purchase order, an assignment to Buyer of such refunds, rebates, or credits (including any interest thereon) in form and substance satisfactory to Buyer.
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Materials and Subcontracts. (1) Allowable costs of direct required under the subcontract.
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Related to Materials and Subcontracts

  • Materials and Supplies The cost of materials and supplies is allowable. Purchases should be charged at their actual prices after deducting all cash discounts, trade discounts, rebates, and allowances received. Withdrawals from general stores or stockrooms should be charged at cost under any recognized method of pricing, consistently applied. Incoming transportation charges are a proper part of materials and supply costs.

  • Solicitations for Subcontracts, Including Procurement of Materials and Equipment In all solicitations either by competitive bidding or negotiation made by the Local Government for work to be performed under a subcontract, including procurement of materials or leases of equipment, each potential subcontractor or supplier will be notified by the Local Government of the Local Government’s obligations under this Agreement and the Acts and Regulations relative to Nondiscrimination on the grounds of race, color, or national origin.

  • Solicitations for Subcontracts, Including Procurements of Materials and Equipment In all solicitations, either by competitive bidding, or negotiation made by the contractor for work to be performed under a subcontract, including procurements of materials, or leases of equipment, each potential subcontractor or supplier will be notified by the contractor of the contractor’s obligations under this contract and the Acts and the Regulations relative to Non-discrimination on the grounds of race, color, or national origin.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Materials and Improvements Title to materials, improvements, and other property required of PURCHASER by this contract shall vest in and become the property of STATE at the time such are furnished by PURCHASER and accepted by STATE. Only materials, improvements, and property free and clear of liens, claims, and encumbrances shall be furnished by PURCHASER. All existing improvements located on State land, and any improvements placed on State land by PURCHASER which become the property of STATE, shall be safeguarded by PURCHASER. If such improvements are injured, damaged, or removed from the areas of operations by PURCHASER or by contractors of PURCHASER, such improvements shall be repaired (or replaced, in the event of removal,) as soon as possible by PURCHASER, without cost to STATE.