cost contract


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cost contract

1. A contract that provides for payment to the contractor of allowable costs, to the extent prescribed in the contract, incurred in performance of the contract.
2. A cost-reimbursement type contract under which the contractor receives no fee.
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Tenders are invited for Risk And Cost Contract Supply Of Tyres Size 1400X20 22Pr For Vehs At 1033 I Espl Likhabali Under 23 Brtf Of Project Arunank In The State Of Arunachal Pradesh Of Make And Type Ceat Jk Appollo Mrf Dunlop
Renowned for its world-class, never outsourced Help Desk - manned 24x7 by a live CSU professional - CSU's unparalleled support program includes critical 24 x 7 HW/SW maintenance, no cost contract management for hardware still under OEM support, disaster replacement, and remote & on-site system administration services.
RELATED ARTICLES: Face to Face: Riad Nashif, AECOM I AECOM wins $80m management contract I Aecom wins cost contract for Oman Convention hotel
However, because cost contract are used when the work cannot be predicted with sufficient confidence to support a fixed price--typically involving complex, sophisticated, emerging systems--the contractor stops work when the funds are exhausted.
Q I TOOK out life cover 10 years ago through what I thought was a low cost contract.
Boeing was recently awarded a USD25m matching cost contract from the US Federal Aviation Administration (FAA) through its Continuous Lower Energy Emissions Noise (CLEEN) programme.
This required sufficient flexibility to allow innovation to flourish while set within the framework of a target cost contract.
The council has agreed a fixed cost contract with contractor Bovis Lend Lease.
IT'S BEEN plagued by heated debate, seemingly endless delays and spiralling costs, but the new National Assembly building will now go ahead after the First Minister signed a fixed cost contract this week with Taylor Woodrow Construction.
JLJ Effluent Engineering Limited have devised a low cost contract hire scheme to help manufacturers avoid heavy fines for pollution.
The Corps determined that a cost contract was the only vehicle flexible and responsive enough to meet the needs of maneuver commanders.
Based largely on the NEC form of contract, the new BAA Works Contract Option C is a Target Cost contract," explains John McAuliffe from Turner & Townsend, the cost consultants appointed by BAA for the overall Heathrow Express project.