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an IN / an OUT

English translation: all-in-cost/out-of-pocket expenses

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:an IN / an OUT
Selected answer:all-in-cost/out-of-pocket expenses
Entered by: Phong Le

07:22 May 30, 2016
English language (monolingual) [PRO]
Art/Literary - Economics
English term or phrase: an IN / an OUT
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.
Phong Le
Vietnam
Local time: 00:51
all-in-cost/out-of-pocket expenses
Explanation:
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.
Selected response from:

Yasutomo Kanazawa
Japan
Local time: 02:51
Grading comment
am not sure but thank you :)
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +2all-in-cost/out-of-pocket expenses
Yasutomo Kanazawa
4included in the price quoted / additional to the price quoted
B D Finch


Discussion entries: 4





  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
an in / an out
all-in-cost/out-of-pocket expenses


Explanation:
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.

Yasutomo Kanazawa
Japan
Local time: 02:51
Native speaker of: Native in JapaneseJapanese
PRO pts in category: 6
Grading comment
am not sure but thank you :)

Peer comments on this answer (and responses from the answerer)
agree  acetran
1 day 23 hrs
  -> Thank you very much!
agree  Harry Crawford
7 days
  -> Thank you very much!
Login to enter a peer comment (or grade)

7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
an in / an out
included in the price quoted / additional to the price quoted


Explanation:
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".

B D Finch
France
Local time: 19:51
Native speaker of: English
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