Glossary entry (derived from question below)
English term or phrase:
an IN / an OUT
English answer:
all-in-cost/out-of-pocket expenses
Added to glossary by
Phong Le
May 30, 2016 07:22
7 yrs ago
1 viewer *
English term
an IN / an OUT
English
Art/Literary
Economics
Frank,
Thanks for meeting today;
1. Form of Agreement – if this is the same as Hilton, should not be any problem, Peter can check that.
2. Scope of works – would prefer ours, as yours is a little loaded – important thing is the exclusions, and we have agreed. Agree to add LPG and mobile booster.
3. Scope of services – would prefer to keep our concept, schematic, design development, tender documentation (you can rename if you need to match others), steps from Contract Documents on is OK, take care with Construction phase, eg meetings and approval prior.
4. Cost management – we would prefer to do for the 10k… is very hard to do a tender analysis without looking at the costs and the technical deviations together. It is is not uncommon we do costs in parallel to the QS, and from what we have seen to date at Lancaster, would be a good thing. Recall we use base M&E at around $100 to $110 and price inclusions on top of that for …
5. Payment schedule – following proposed programme am OK with one payment per stage, but will split DD (des dev) into 2… submission and approval. Hope Tin is OK with that.
6. Design team structure – Russ will be Project Leader and Hona will be Project Director. Peter will issue an org chart.
7. Programme as discussed is OK.
8. Insurances we can provide.
Peter, please issue based upon $1.90/m2 and the add 10% for AS and rework out hours. Cant remember if costs is an IN or an Out but price as before.
Thanks for meeting today;
1. Form of Agreement – if this is the same as Hilton, should not be any problem, Peter can check that.
2. Scope of works – would prefer ours, as yours is a little loaded – important thing is the exclusions, and we have agreed. Agree to add LPG and mobile booster.
3. Scope of services – would prefer to keep our concept, schematic, design development, tender documentation (you can rename if you need to match others), steps from Contract Documents on is OK, take care with Construction phase, eg meetings and approval prior.
4. Cost management – we would prefer to do for the 10k… is very hard to do a tender analysis without looking at the costs and the technical deviations together. It is is not uncommon we do costs in parallel to the QS, and from what we have seen to date at Lancaster, would be a good thing. Recall we use base M&E at around $100 to $110 and price inclusions on top of that for …
5. Payment schedule – following proposed programme am OK with one payment per stage, but will split DD (des dev) into 2… submission and approval. Hope Tin is OK with that.
6. Design team structure – Russ will be Project Leader and Hona will be Project Director. Peter will issue an org chart.
7. Programme as discussed is OK.
8. Insurances we can provide.
Peter, please issue based upon $1.90/m2 and the add 10% for AS and rework out hours. Cant remember if costs is an IN or an Out but price as before.
Responses
+2
3 hrs
Yasutomo Kanazawa
Japan
Japan
Japan
Scientia est potentia
Native in: Japanese 
Works in: English to Japanese, German to Japanese, Italian to Japanese, and 3 more.
Related KudoZ points
:
6
Selected
all-in-cost/out-of-pocket expenses
IN here means all-in-cost, which includes everything.
http://financial-dictionary.thefreedictionary.com/All-in cos...
Out here means Out-of-pocket-expenses (or costs) are costs which can be retrieved or reimbursed later.
https://en.wikipedia.org/wiki/Out-of-pocket_expenses
Since the text in question is talking about costs, whether the costs are all-in-cost or out of pocket costs, price will not be changed.
http://financial-dictionary.thefreedictionary.com/All-in cos...
Out here means Out-of-pocket-expenses (or costs) are costs which can be retrieved or reimbursed later.
https://en.wikipedia.org/wiki/Out-of-pocket_expenses
Since the text in question is talking about costs, whether the costs are all-in-cost or out of pocket costs, price will not be changed.
Peer comment(s):
| agree |
acetran
1 day 23 hrs
|
|
Thank you very much!
|
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| agree |
Harry Crawford
7 days
|
|
Thank you very much!
|
4 KudoZ points awarded for this answer.
Comment: "am not sure but thank you :)"
7 hrs
included in the price quoted / additional to the price quoted
Peter is being asked to issue a formal quotation and to either include costs or make them an additional item according to what was done in a previous contract: "but price as before".
Discussion