Shared Contract means any Contract to which Seller or any of its Subsidiaries is a party with any non-Affiliated third party and which benefits both the Business and any Retained Business. Sample 1Sample 2Sample 3. Based on 56 documents. 56.
In contract costing, most of the expenses are direct in nature as in the form of materials, labour, expenses, plant, sub-contract charges and the like. Only a small portion of amount is charged Page 2 as overheads which are apportioned on suitable basis.
Expenses that are consistent over time; often associated with a contract. Some examples are rent, insurance premiums, and most subscriptions.
Contract Expenses means Exploration Expenses, Development Expenses, Operating Expenses, Service Costs, Market and Market Research Costs and General and Administrative Costs.
If the service contract is for something that is necessary for the day-to-day running of the business, it is likely to come under operating expenses. This could include contracts for things like office cleaning, IT support, or security.