Fee-based service contract

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Cost-plus contract

About Us About Us. Our Responsibility. Contact Receive News. Delivering Energy. Canada has some of the largest oil sands deposits in the world.

Rewarding Careers. Delivering Opportunity. Legal Sitemap. Site by Media Dog. A mixture of hydrocarbons consisting primarily of pentanes and heavier liquids. A contract that provides for recovery of operating costs and a fixed capital charge.

Cost of service contracts are generally not subject to commodity risk. A tar-like form of crude oil often found in deposits containing significant amounts of sand that must be heated or diluted before it will flow.

A lower density fluid used to blend with heavy oil or bitumen in order to reduce viscosity and density to pipeline conditions condensate is the most commonly used diluent for pipeline transportation of heavy oil or bitumen.

An NGL, the chemical formula of which is C2H6, used primarily as a feedstock to the petrochemical industry and for use in enhanced oil recovery projects.

A contract that provides for a fixed fee per unit of production sold or service provided, are generally not subject to commodity risk. The process of using temperature and pressure to separate a mixture of NGLs with differing boiling points into individual products such as ethane, propane and butane. Natural gas liquids consisting of any one of ethane, propane, butane and condensate or a combination thereof. A deposit of sand saturated with bitumen. A contract where profits are shared between one or more parties, subject to volume and price risk.

An NGL that contains a mixture of any one or more of propane, butane and pentanes-plus condensate. Natural gas before it has been subjected to any processing that may be required for it to become suitable for sale. A form of contract in which the payor is obligated to pay regardless of whether or not the payor uses the services, volumes or capacity available under the contract. The Western Canadian Sedimentary Basin which is the major natural gas producing area of Canada, covering parts of the provinces of Alberta, British Columbia and Saskatchewan and the southern areas of the Yukon Territory and the Northwest Territories.

So he said it might be better to do a Fee Based Contract. Understanding how contractors bill for services can help you keep costs down and your project on. All related services which the Contractor is required to implement which only candidates invited by the Contracting Authority may Fee-based contract.

A fee-for-service agreement is defined as a method of business payment in which separate services are not bundled together but are instead paid for individually. Reference 1. This is sometimes called "a la carte" payment.

In this type of contract, the seller bears the risk. An example of this is a purchase order: It will establish the price, quantity, and date for the deliverable.

We are negotiating the final contract for our custom build. Our builder is great and we feel really comfortable with him. I forget the kind of contract this is called

Fee based contract?

FAR Smart Matrix. Chapter 99 CAS. DOD Deviations. Subpart Parent topic: Federal Acquisition Regulation. This part describes types of contracts that may be used in acquisitions.

DUDE RESOURCES

FAR Smart Matrix. Chapter 99 CAS. DOD Deviations. This subsection prescribes policies for establishing the profit or fee portion of the Government prenegotiation objective in price negotiations based on cost analysis. Rather, they represent that element of the potential total remuneration that contractors may receive for contract performance over and above allowable costs. Negotiation of extremely low profits, use of historical averages, or automatic application of predetermined percentages to total estimated costs do not provide proper motivation for optimum contract performance. Subject to the authorities in 1. When not using a structured approach, contracting officers shall comply with paragraph d 1 of this subsection in developing profit or fee prenegotiation objectives.

A cost-plus contract , also termed a cost plus contract , is a contract where a contractor is paid for all of its allowed expenses, plus additional payment to allow for a profit. Frank B.

Services Fee Sample Clauses. Download PDF.