defined cost - EAS

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  1. Global web icon
    merriam-webster.com
    cost
    ˈkȯst
    noun
    1. the amount or equivalent paid or charged for something : price
      the outlay or expenditure (as of effort or sacrifice) made to achieve an object
    2. loss or penalty incurred especially in gaining something
    3. ...
    https://www.merriam-webster.com/dictionary/cost
  2. https://www.lawinsider.com/dictionary/defined-cost

    WebDefined Cost means the amount paid by the Authority in providing the Agent Works as more particularly defined at Schedule Four “ Data Protection Act 1998 ” Sample 1 …

  3. https://www.dictionary.com/browse/cost

    WebCost means a price that must be paid for something or a sacrifice. Cost is used as a verb to mean to require a payment or to cause the loss of something. Cost has several …

  4. Understanding defined cost in NEC3 ECC and its simplification in …

    https://www.neccontract.com/news/understanding...
    1. Defined cost is used to assess compensation events in all NEC3 and NEC4 ECC main options and for routine payments in the cost-reimbursable options. Most defined costs are real but some are based on...
    2. Defined cost is as stated for options A and B in the short(er) schedule of cost components (SSCC) while in options C, D and E it is as stated in the schedule of cost components (SCC).
    1. Defined cost is used to assess compensation events in all NEC3 and NEC4 ECC main options and for routine payments in the cost-reimbursable options. Most defined costs are real but some are based on...
    2. Defined cost is as stated for options A and B in the short(er) schedule of cost components (SSCC) while in options C, D and E it is as stated in the schedule of cost components (SCC).
    3. In NEC3 ECC, the SSCC can, by agreement, also be used to assess compensation events in options C, D and E.
    4. NEC4 ECC schedules differ from NEC3 ECC in having an additional heading for subcontractors.
  5. https://www.myaccountingcourse.com/accounting-dictionary/cost

    WebDefinition: A cost is an expenditure required to produce or sell a product or get an asset ready for normal use. In other words, it’s the amount paid to manufacture a product, …

  6. https://www.fenwickelliott.com/research-insight/newsletters/insight/62

    WebBroadly speaking, Defined Costs are the actual costs incurred by the Contractor on the Works minus retention and any costs which would fall within the overheads

  7. https://www.neccontract.com/getmedia/347de7b2-5ff1...

    WebDefined Cost – Options A & B Only used for assessing compensation events Defined Cost is the cost of the components of the Shorter Schedule of Cost Components whether work …

  8. What is Defined Cost? | NEC4: Defined Cost and Compensation …

    https://www.icevirtuallibrary.com/doi/full/10.1680/necdcce.65604.077

    WebWhat is Defined Cost? Authors: Patrick Waterhouse, CEng FICE FCIArb FCInstCES. x. Patrick Waterhouse . Search for articles by this author. Bowdon Consulting. Author …

  9. Five challenges in demonstrating Defined Cost claims

    https://www.icevirtuallibrary.com/page/ice-news/195-defined-cost-claims

    WebMar 10, 2022 · NEC contracts rely on Defined Cost to assess the financial impact of compensation events and, depending on the main option used, the final outturn costs. …

  10. https://www.investopedia.com/terms/c/costbasis.asp

    WebDec 07, 2021 · Cost basis is the original value of an asset for tax purposes, usually the purchase price, adjusted for stock splits , dividends and return of capital distributions. This value is used to ...



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