VALUE OF WORK Clause Samples

The "Value of Work" clause defines how the monetary worth of completed work is determined under a contract. Typically, it outlines the methods for assessing the value of labor, materials, and services provided up to a certain point, often referencing agreed-upon rates, schedules, or progress milestones. This clause ensures that both parties have a clear and fair basis for interim or final payments, reducing disputes over compensation and providing a transparent mechanism for valuing work performed.
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VALUE OF WORK. Where for any one claim pursuant to this Agreement, in ▇▇▇▇▇▇’ or the Warranty Administrator’s (whichever one undertakes the assessment) sole opinion the value of the work required to make good any mechanical fault or to cause or procure such fault to be made good exceeds $1,000.00 including GST, then ▇▇▇▇▇▇ shall only be liable to carry out work or cause or procure work to be carried out at its expense to a value of $1,000.00 including GST and ▇▇▇▇▇▇’ liability to the Owner for any one claim is limited to that amount. “GST” means the goods and services tax under A New Tax System (Goods and Services Tax) ▇▇▇ ▇▇▇▇.
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VALUE OF WORK in-progress
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VALUE OF WORK. The Value of the Work shall be determined as follows:
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VALUE OF WORK. The Owner will determine the value of any Work covered by a claim for an increase or decrease in the Contract Price by using one or more of the following methods in the listed order of precedence: (1) Unit prices previously approved; (2) An agreed-upon lump sum amount; or (3) The actual cost for labor, direct overhead, materials, supplies, equipment, and other services necessary to complete the item of Work plus an agreed upon amount not to exceed 15 percent of the actual cost of the item of Work to cover the cost of the Contractor’s general overhead and profit.
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VALUE OF WORK. ‌ The value of any Work covered by a Change Order or of any claim for an increase or decrease in the Contract Price shall be determined in one of the ways listed herein: A. Where the Work involved is covered by unit prices contained in the Contract Documents, by application of unit prices to the quantities of the units involved. B. By mutual written agreement to a lump sum amount, CONTRACTOR shall furnish an itemized cost breakdown together with supporting data including the quantities used in computing the lump sum. C. On the basis of the Cost of the Work (determined as provided in Paragraph 12.4) plus a Contractor's Fee for overhead and profit (determined as provided in Paragraph 12.5). D. Through the use of the alternate dispute resolution process set forth in Article 17 herein.
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VALUE OF WORK. The proposed value of work has been calculated on the basis of drawings supplied by the Architect. Also applicable service taxes will be paid with respect to value of work done during running account bills/ payment & final ▇▇▇▇/ payment etc. Quoted/ Accepted Rate @ Rs. _____________per Square feet In words (Rupees__________________only) Calculated Amount Rs. ________________/- -A In words (Rupees _______________ only) Taxes @ 18%__________________ - B Total (A + B ) = Rs ___________________ Construction Committee will deduct TDS and any other applicable taxes from the ▇.▇ ▇▇▇▇▇ submitted by the contractor from to time. Note: The quantities/ amount referred are provisional and may deviate as per site/ structural requirement. You shall provide activity wise bar chart within five days of this agreement and also submit schedule of requirement of Cement & Steel in addition to payment schedule.
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VALUE OF WORK. The reduction of the irrevocable unconditional bank guarantee pursuant to Article
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VALUE OF WORK. [Refer to 'Cl.45A (b)' of Section-I: 'Instruction to Bidders']
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VALUE OF WORK. The reduction of the irrevocable unconditional bank guarantee pursuant to Article 3.8 of the Agreement or the determination of the non performance compensation/liquidated damages pursuant to Article 3.4 of the Agreement, shall be based on the value of the Work Units that have been completed or not competed by the Working Interest Owner, irrespective of whether the actual cost of the work has been more or less than the value of the Work Units.
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Related to VALUE OF WORK

  • OF WORK The provisions of this article are intended only to provide a basis for calculating time worked and shall not constitute a guarantee of hours of work per shift or per week or for any period whatsoever nor a guarantee of working schedules. The regular work week for full time employees shall average thirty-seven and one-half (37 hours (exclusive of meal times) for each employee during each six (6) week period which corresponds to the appropriate nursing schedule. The Normal Daily Tour shall be seven and one half (7 consecutive hours in any twenty-four (24) hour period exclusive of an unpaid one-half hour meal period, it being understood that at the change of tour there will normally be additional time required for reporting which shall be considered to be part of the normal daily tour, for a period of up to fifteen (15) minutes duration. Should the reporting time extend beyond fifteen minutes, however, the entire period shall be considered overtime. Registered Nursing Assistants shall be entitled to relief periods during the tour on the basis of fifteen (15) minutes for each half tour. The Normal Daily Extended Tour shall be consecu- tive hours in any twenty-four (24) hour period, exclu- sive of a total of forty-five (45) minutes of unpaid mealtime, it being understood at the change of tour there will normally be additional time required for reporting which shall be considered to be part of the normal daily tour, for a period of up to fifteen (15) minutes duration. Should the reporting time extend beyond fifteen (15) minutes, however, the entire period shall be considered overtime. shall be entitled to relief periods during the tour of a total of forty-five minutes. It is understood that regular hours include those required to accommodate the change from Daylight Saving Time to Standard Time and vice versa and to which the provisions of shall not apply. Employees must report to their respective supervisors in uniform and remain in uniform for the full working shift. work schedules, shall be posted two (2) weeks in advance of the schedules becoming effective where practicable. In the case of nursing units where employees are required to rotate on the day, evening, and/or night tour, the Hospital will endeavour to arrange tours so that there will be time equivalent to two Normal Daily Tours between the beginning of an tour and their changeover of tour, and time between the beginning of the employee's tour and the changeover of tours equivalent to five daily tours if there is one (1)day off, and time equivalent to eight normal tours if there are two (2) days off between the changeover of tours. (a) In scheduling shifts, the hospital will endeavour to arrange schedules so as to provide for a minimum of eight (8) weekends off every twenty-four (24) week period. And, in any event, at least one weekend off in each three (3) week period. Where a weekend off is not granted within a three week period, time worked on such third weekend but not subsequent weekends shall be paid at the rate of time and one-half (1 unless the Hospital, notwithstanding its best efforts, was unable to meet this standard. This standard shall not apply where : such weekend work was performed by the employee to satisfy specific days off requested by such employee; or such employee has requested weekend work, or was advised at the time of hire or when the job was posted that the regular schedule normally requires continuous weekend work; or such weekend is worked as a result of an exchange of shifts with another employee. It is understood and agreed that there shall be no pyramiding of overtime premiums under the provisions of the collective agreement arising out of the foregoing undertakings. The foregoing shall have no application where other scheduling arrangements are provided which are accept- able to the employer and the employees affected and approved by the Union. This article has no application to casual part-time employees. The Hospital may allow exchange of shifts at the request of employees provided such change in posted time schedules is submitted in writing by both employees and that the Hospital approval is obtained in advance and that no overtime premium is paid as a result of such exchange and no additional costs to the Hospital results from such exchange of shifts.

  • Period of Work Work under this Agreement shall begin no sooner than the date on which this Agreement has been fully executed by the parties and approved by the Controller and the State Purchases Review Committee. Unless terminated earlier, this Agreement shall expire on the date set out on the first page of this Agreement, or at the completion and acceptance of all specified tasks, and delivery of all contracted products and services as defined in this Agreement, including performance of any warranty and/or maintenance agreements, whichever is the later date.

  • Normal Hours of Work 10A.01 The normal work day is defined as the twenty-four (24) hour period beginning at 12:00 Midnight. 10A.02 The employer has the option of working either five (5) eight (8) hour days or four (4) ten

  • Ordinary Hours of Work The ordinary hours of work will be worked any time between 6.00am to 6.00pm Monday to Friday. Ordinary hours of work may be varied by agreement between the Employer and the majority of the employees concerned and the ETU State Secretary (via the relevant full time ETU Official) to accommodate the hours or work required for the most efficient and safe operation of the Employer and the requirements of its client. Where agreement is reached to work alternate hours, occupational health and safety principles will prevail. Proper health monitoring procedures will be introduced and suitable rosters clearly agreed prior to commencing work. Adequate supervision must always be provided. Matters on which agreement may be reached include: a) How the hours are to be averaged in a work cycle b) The duration of the work cycle

  • Work Order (s) means a detailed scope of work for a Service required by Transnet, including timeframes, Deliverable, Fees and costs for the supply of the Service to Transnet, which may be appended to this Agreement from time to time.