"Cost Types and Reimbursability" video - Contract Consideration Series

(20m) Brian Weeks discusses contract costs from a Contractor’s perspective and the Owner’s liability for reimbursement from the Contract Administrator’s perspective.

In particular, he aims to clarify the difference between Indirect and Impact costs – terms which are often misused or incorrectly used interchangeably.

Brian also reviews the three types of overhead costs, how they relate to each other, and when an Owner can become liable to pay for them.

Watch this and other Contract Consideration videos on MMCD Association's YouTube Channel.