Actual Costs means any costs, direct losses and expenses (including any loss of revenue) reasonably incurred or reasonably expected to be incurred by the Train Operator including those attributable to limb (f) of a Category 3 Disruption and any increase in Variable Costs but net of: Transaction...
For example, an auto repair shop may estimate that vehicle repairs will cost $1100, but the actual cost may actually be $1200. A customer might not be aware of the actual cost until the expenses are incurred during the repairs. This article will also discuss: What is Actual Costing? What...
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