What is Defined Cost?

What is Defined Cost?

Defined Cost is the amount of payments due to Subcontractors for work which is subcontracted without taking account of amounts deducted for:


	Payment to the Employer as a result of the Subcontractor failing to meet a Key Date,

	The correction of Defects after Completion,

	Payments to Others and

	The supply of equipment, supplies and services included in the charge for overhead cost within the Working Areas in the contract


	The cost of components in the Schedule of Cost Components for other work

Less Disallowed Cost (see Clause 11.2(23)).