Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees. The maximum allowable General Conditions Cost payable to Contractor during the Construction Phase of the Project is set out in Exhibit “A” attached to this Agreement.ĭirect Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. The allowable General Conditions items are limited in Paragraph 11.1 and are further described on Exhibit “D”. General Conditions Cost means costs incurred and minor work performed by Contractor without the need for competitive bids/proposals. Overhead costs means the actual costs incurred or the estimated costs to be The " general overhead cost allocated" to a product during 2013 means (a) the Total General Overhead Cost of the product in 2013 multiplied by (b) the total weight of all Units of the product produced by Diversified for PLK and its Franchisees during 2013, and divided by (c) the total weight of all Units of all products produced by Diversified during 2013 for all Diversified customers.Īny waiting period (and any extension thereof) under the HSR Act applicable to the transactions contemplated hereby shall have expired or shall have been terminated without any material adverse action by the Federal Trade Commission or the Department of Justice. While not shown, the model further allocates the General Overhead Cost to each cost driver in a functional area. Table 8-1 illustrates the allocation of these costs by cost driver for the driver licensing activity.Customer Service Delivery Administration Table 8-1 General Overhead Cost Allocation The model allocates indirect costs by cost center, such as the Commissioner’s Office, based on the relationship of the functional areas’ total direct cost to each functional area’s direct cost. Table 8-2 shows the allocation of two of General Overhead Cost Centers to the individual functional areas. This process derives a percentage relationship, which the model then applies to each cost center we grouped in General Overhead Cost. In this respect, encouraged countries to review the applicability of the underlying reference rate for that period to calculate FISIM when such incidences occur. Examples of General Overhead Cost in a sentence
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