Allowance for Overhead Sample Clauses
The Allowance for Overhead clause defines the portion of contract payments that covers a contractor’s indirect costs, such as administrative expenses, utilities, and management salaries, which are not directly attributable to a specific project activity. In practice, this clause specifies either a fixed percentage or a set amount added to the direct costs of work performed, ensuring that the contractor is compensated for necessary business operations that support the project but are not directly billable. Its core function is to provide clarity and fairness in cost allocation, preventing disputes over which indirect expenses are recoverable and ensuring the contractor’s business sustainability during the project.
Allowance for Overhead. 3.1 In determining the cost for services rendered by the Service Company to Aqua as herein provided, there shall be added to the base pay rate of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the overhead of Service Company, as defined below, allocable to each such officer or employee. The overhead shall be calculated each year and shall be based on the ratio of the total overhead of the Service Company for the year to the total salaries of the Service Company officers and employees for whose services charges are to be made to the Subsidiaries, including Aqua. No general overhead or other markups by the Service Company shall be added to costs incurred for services of consultants or other third parties employed by Service Company.
3.2 The term “overhead” shall include, but not be limited to:
(a) building costs, lease costs, utilities, and other costs associated with office space and equipment, and (b) taxes other than payroll taxes.
Allowance for Overhead. This is defined as costs of any kind attributable to direct and indirect delay, acceleration, or impact, added to the total cost to Owner of any change in the Contract Sum. If the Design-Builder is compensated under Section 10.6.2, the amount of such compensation shall be reduced by the amount Design-Builder is otherwise entitled to under this subsection (g). This allowance shall compensate Design-Builder for all non-craft labor, temporary construction facilities, field engineering, schedule updating, as-built drawings, home office cost, B&O taxes, office engineering, estimating costs, additional overhead because of extended time, and any other cost incidental to the change in the Work. It shall be strictly limited in all cases to a reasonable amount, mutually acceptable, or if none can be agreed upon to an amount not to exceed the rates below:
(1) Design-Builder Markup on Design-Builder Work: For Design-Builder, for any Work actually performed by its own forces, 12% of the first $50,000 of the cost, and 4% of the remaining cost, if any.
(2) Subcontractor Markup for Subcontractor Work: For each Subcontractor (including lower tier subcontractors), for any Work actually performed by its own forces, 12% of the first $50,000 of the cost, and 4% of the remaining cost, if any.
(3) Design-Builder Markup for Subcontractor Work: For Design-Builder, for any Work performed by its Subcontractor(s), 4% of the first $50,000 of the amount due each Subcontractor, and 2% of the remaining amount if any.
(4) Subcontractor Markup for Lower Tier Subcontractor Work: For each Subcontractor, for any Work performed by its Subcontractor(s) of any lower tier, 4% of the first $50,000 of the amount due the sub- Subcontractor, and 2% of the remaining amount if any.
Allowance for Overhead. This is defined as costs of any kind attributable to direct and indirect delay, acceleration, or impact, added to the total cost to Owner of any change in the Contract Sum. If the Design-Builder is compensated under Section 10.6.2, the amount of such compensation shall be reduced by the amount Design-Builder is otherwise entitled to under this subsection (g). This allowance shall compensate Design-Builder for all non-craft labor, temporary construction facilities, field engineering, schedule updating, as-built drawings, home office cost, B&O taxes, office engineering, estimating costs, additional overhead because of extended time, and any other cost incidental to the change in the Work. It shall be strictly limited in all cases to a reasonable amount, mutually acceptable, or if none can be agreed upon to an amount not to exceed the rates below:
Allowance for Overhead. 3.1 In determining the cost for services rendered by the Service Company to Aqua IL as herein provided, there shall be added to the base pay rate of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the overhead of Service Company, as defined below, allocable to each such officer or employee. The overhead shall be calculated each year and shall be based on the ratio of the total overhead of the Service Company for the year to the total salaries of the Service Company officers and employees for whose services charges are to be made to the Subsidiaries, including Aqua IL. No general overhead or other markups by the Service Company shall be added to costs incurred for services of consultants or other third parties employed by Service Company.
3.2 The term “overhead” shall include, but not be limited to:
3.2.1 building costs, lease costs, utilities, and other costs associated with office space and equipment; and 3.2.2 taxes other than payroll taxes.
Allowance for Overhead. This allowance shall compensate Contractor for all noncraft labor, temporary construction facilities, field engineering, schedule updating, as-built drawings, home office cost, B&O taxes, office engineering, estimating costs, additional overhead because of extended time and any other cost incidental to the change in the Work. This allowance shall be strictly limited in all cases an amount not to exceed the following:
1) For Contractor, for any Work actually performed by Contractor’s own forces, 16% of the cost.
2) For each Subcontractor (including lower tier subcontractors), for any Work actually performed by its own forces, 16% of the cost.
3) For Contractor, for any Work performed by its Subcontractor(s), 6% of the amount due each Subcontractor.
4) For each Subcontractor, for any Work performed by its Subcontractor(s) of any lower tier, 5% of the amount due the sub-Subcontractor.
Allowance for Overhead. This is defined as costs of any kind attributable to direct and indirect delay, acceleration, or impact, added to the total cost to Owner of any change in the Contract Sum. If the Contractor is compensated under Section 7.03D, the amount of such compensation shall be reduced by the amount Contractor is otherwise entitled to under this subsection (f). This allowance shall compensate Contractor for all noncraft labor, temporary construction facilities, field engineering, schedule updating, as-built drawings, home office cost, B&O taxes, office engineering, estimating costs, additional overhead because of extended time, and any other cost incidental to the change in the Work. It shall be strictly limited in all cases to a reasonable amount, mutually acceptable, or if none can be agreed upon to an amount not to exceed the rates below:
(1) Projects less than $3 million: For projects where the Contract Award Amount is under $3 million, the following shall apply:
(a) Contractor markup on Contractor Work: For Contractor, for any Work actually performed by Contractor’s own forces, shall not exceed 16% of the first $50,000 of the cost, and 4% of the remaining cost, if any.
(b) Subcontractor markup for Subcontractor Work: For each Subcontractor (including lower tier subcontractors), for any Work actually performed by its own forces, shall not exceed 16% of the first $50,000 of the cost, and 4% of the remaining cost, if any.
Allowance for Overhead. 3.1 In determining the cost to be assessed by ▇▇▇▇▇▇▇▇ for rendering of services to Utilities as herein provided, there shall be added to the salaries of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the general overhead of ▇▇▇▇▇▇▇▇ as defined below properly allocable thereto. No general overhead of ▇▇▇▇▇▇▇▇ shall be added to costs incurred for services of non-affiliated consultants employed by ▇▇▇▇▇▇▇▇.
3.2 The term “general overhead” shall include;
(a) portion of salaries not directly chargeable to ▇▇▇▇▇▇▇▇ employees determined on basis of hours worked for Utilities.
(b) Portion of payroll burden (SSA, medical insurance, FUTA, SUTA, Workmen’s Compensation, and payroll processing) paid for the
(c) benefit of Utilities employees;
(d) taxes; and
(e) rent and depreciation on building.
Allowance for Overhead. This is defined as costs of any kind attributable to direct and indirect delay, acceleration, or impact, added to the total cost to Owner of any change in the Contract Sum. If the Contractor is compensated under Section 7.03D, the amount of such compensation shall be reduced by the amount Contractor is otherwise entitled to under this Subsection (f). This allowance shall compensate Contractor for all non-craft labor, temporary construction facilities, field engineering, schedule updating, as-built drawings, home office cost, B&O taxes, office engineering, estimating costs, additional overhead because of extended time, and any other cost incidental to the change in the Work. It shall be strictly limited in all cases to a reasonable amount, mutually acceptable,or if none can be agreed upon to an amount not to exceed the rates below:
(1) Projects less than $3 million: For projects where the Contract Award Amount is under $3 million, the following shall apply:
Allowance for Overhead. 3.1 3. 1In determining the cost for services rendered by the Service Company to Aqua IL as herein provided, there shall be added to the base pay rate of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the overhead of Service Company, as defined below, allocable to each such officer or employee. The overhead shall be calculated each year and shall be based on the ratio of the total overhead of the Service Company for the year to the total salaries of the Service Company officers and employees for whose services charges are to be made to the Subsidiaries, including Aqua IL. No general overhead or other markups by the Service Company shall be added to costs incurred for services of consultants or other third parties employed by Service Company.