Common use of Materials and Subcontracts Clause in Contracts

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 be given to Buyer for cash and trade discounts, rebates, allowances, credits, salvage, the value of resulting scrap when the amount of such scrap is appreciable, commissions, and other amounts which have been accrued to the benefit of the Seller, or would have been so accrued except for the fault or neglect of the Seller. Such benefits lost through no fault or neglect on the part of the Seller, or lost through fault of Buyer, shall not be deducted from gross costs.

Materials and Subcontracts. (1) Allowable costs of direct materials shall be determined by the Buyer in accordance with Part 31FAR, of the Federal Acquisition Regulation in effect on the date of this purchase orderSubpart 31.2. 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 raterate and approved by Buyer. Material handling costs are comprised of indirect costs, including, when appropriate, general and administrative appropriate G&A expense, allocated to direct materials in accordance with the Seller's usual accounting practices consistent with FAR Part 31 of the Federal Acquisition Regulation31. Seller shall be reimbursed for items and services purchased directly for the purchase order this contract 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 productgoods to be delivered hereunder, or which are used or consumed directly in connection with the furnishing of such product. All costs included goods or 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 31performing services hereunder. (2) The cost of subcontracts which are authorized pursuant to these terms the "Subcontracts" clause hereof 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 in the same manner as for items and services purchased directly for this contract under subparagraph (1) above. The requirement of payment for reimbursement shall not apply if the Seller is a small business concern. Reimbursable costs shall not include any costs arising from the letting, administration administration, or supervision of performance of the subcontract, which costs are included in the hourly rate or rates payable under (a) (la)(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, commissions and other benefits. When unable to take advantage of such benefits, Seller it shall promptly notify Buyer to that effect, and provide rationalegive the reason therefor. Credit shall be given to Buyer for cash and trade discounts, rebates, allowances, credits, salvage, the value of resulting scrap when the amount of such scrap is appreciable, commissions, and other amounts which have been accrued to the benefit of the Seller, or would have been so accrued except for the fault or of neglect of the Seller. Such benefits lost through no fault or neglect on the part of the Seller, or lost through fault of Buyer, Buyer shall not be deducted from gross costs.

Materials and Subcontracts. (1) Allowable The Contracting Officer will determine allowable costs of direct materials shall be determined by Buyer in accordance with Part 31, Subpart 31.2 of the Federal Acquisition Regulation (FAR) in effect on the date of this purchase ordercontract. Reasonable Direct materials, as used in this clause, are those materials that enter directly into the end product, or that are used or consumed directly in connection with the furnishing of the end product. (2) The Contractor may include 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, expense allocated to direct materials in accordance with Sellerthe Contractor's usual accounting practices consistent with Part 31 Subpart 31.2 of the Federal Acquisition Regulation. Seller shall be reimbursed FAR. (3) The Government will reimburse the Contractor for items supplies and services purchased directly for the purchase order only contract when the Contractor-- (i) Has made payments of cash, checks, or other forms of actual payment has been made for such these purchased items supplies 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 ; or (ii) Will make these payments determined due-- (A) In accordance with the latest revision terms and conditions of Section 31 a subcontract or invoice; and (B) Ordinarily within 30 days of FAR and allowable with the principles therein. No submission of the Contractor's payment shall be made for costs included in request to the invoice that are unallowable by Section 31Government. (2i) The cost Government will reimburse the Contractor for costs of subcontracts which that are authorized pursuant to these terms shall be reimbursable costs hereunderunder the subcontracts clause of this contract, provided such that the costs are consistent with subparagraph paragraph (3b)(5) below. Reimbursable cost of this clause. (ii) The Government will limit reimbursable costs in connection with subcontracts shall be limited to the amounts actually required to be paid by Seller for supplies and services purchased directly for the contract when the Contractor has made or will make payments determined due of cash, checks, or other forms of payment to the lower-tier subcontractor subcontractor-- (A) In accordance with the terms and shall conditions of a subcontract or invoice; and (B) Ordinarily within 30 days of the submission of the Contractor's payment request to the Government. (iii) The Government will not include reimburse the Contractor for any costs arising from the letting, administration administration, or supervision of performance of the subcontract, which if the costs are included in the hourly rate or rates payable under paragraph (aa)(1) (l) above. The requirement of payment for reimbursement shall not apply to the subcontractor who is a small business concernthis clause. (35) Seller shall, to To the extent of his abilityable, procure the Contractor shall-- (i) Obtain materials at the most advantageous prices available with due regard to securing prompt delivery of satisfactory materials, and take ; and (ii) Take all cash and trade discounts, rebates, allowances, credits, salvage, commissions, and other benefits. When unable to take advantage of such the benefits, Seller the Contractor shall promptly notify Buyer the Contracting Officer and give the reasons. The Contractor shall give credit to that effect, and provide rationale. Credit shall be given to Buyer the Government for cash and trade discounts, rebates, allowances, credits, salvage, the value of resulting scrap when the amount of such scrap is appreciablescrap, commissions, and other amounts which that have been accrued to the benefit of the SellerContractor, or would have been so accrued except for the fault or neglect of the SellerContractor. Such The Contractor shall not deduct from gross costs the benefits lost through no without fault or neglect on the part of the SellerContractor, or lost through fault of Buyer, shall not be deducted from gross coststhe Government.