Basis for Compensation Sample Clauses
Basis for Compensation. Contractor shall not be entitled to compensation of any kind under this Section 15.7 from Customer, Subscribing Customer, Users or End-Users, and shall look solely to the respective Qualified Limited User Data Recipients for any and all compensation for the provision of the Intermodal Ported TN ID Service (referred to as the “Intermodal Charges”). Customer and Contractor agree and acknowledge that the Intermodal Ported TN ID Service is not necessary for the provision of number portability. Contractor agrees to compute and to allocate the compensation for the provision of Intermodal Ported TN ID Service in a fair and non-discriminatory manner consistent with the rules, regulations, orders, opinions and decisions of the Federal Communications Commission and other regulatory body having jurisdiction or delegated authority with respect to the NPAC/SMS or this Agreement.
Basis for Compensation. Subject to the terms of a Work Authorization issued pursuant to subsection 3.c. below, the Authority agrees to pay, and the Consultant agrees to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Agreement, hourly rates for the staff working on the assignment computed as follows: where Direct Labor Cost equals salary divided by 2080; FAR equals Consultant’s most recent audited overhead rate under 48 C.F.R. Part 31, Federal Acquisition Regulations (FAR 31); and 1.10 reflects a 10 percent (10%) profit. Representative rates computed through this methodology as of the Effective Date of this Agreement are reflected in Appendix B. Rates will be revised annually to reflect adjustments to the Direct Labor Costs and audited FAR rates; no adjustment shall be made to the specified profit percentage. The first adjustment shall be considered in January 2021. All adjustments shall be agreed to by the parties prior to implementation, and the Authority shall have the right to review and/or audit Consultant’s Direct Labor Costs and FAR rates upon written request and as provided in subsection (f) hereto. During the term of this Agreement Consultant shall provide to the Authority, prior to requesting any adjustment to rates, a copy of the report establishing a new FAR rate for Consultant. The payment of the hourly rates and allowed costs shall constitute full payment for all Services, liaisons, products, materials, and equipment required to deliver the Services.
Basis for Compensation. 1.1 The not-to-exceed fee for the Final Completion of the Basic Scope of Services described in this Agreement shall be $326,663.00.
Basis for Compensation. For the performance of the professional services of this Agreement, Consultant shall be compensated on a time and expense basis not to exceed a guaranteed maximum dollar amount of $--- ----. Labor charges shall be based upon hourly billing rates for the various classifications of personnel employed by Consultant to perform the Scope of Work as set forth in the attached Attachment B, which shall include all indirect costs and expenses of every kind or nature, except direct expenses. The direct expenses and the fees to be charged for same shall be as set forth in Attachment B. Consultant shall complete the Scope of Work for the not-to-exceed guaranteed maximum, even if actual time and expenses exceed that amount.
Basis for Compensation. Subject to the terms of a Work Authorization issued pursuant to subsection 3.c. below, the Authority agrees to pay, and the Consultant agrees to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Agreement, hourly rates for the staff working on the assignment computed as follows: Direct Labor Cost x (1.0 + FAR) x 1.10 where Direct Labor Cost equals salary divided by 2080; FAR equals Consultant’s most recent audited overhead rate under 48 C.F.R. Part 31, Federal Acquisition Regulations (FAR 31); and 1.10 reflects a 10 percent (10%) profit. Representative rates computed through this methodology as of the Effective Date of this Agreement are reflected in Appendix B. Rates will be revised annually to reflect adjustments to the Direct Labor Costs and audited FAR rates; no adjustment shall be made to the specified profit percentage. The first adjustment shall be considered no earlier than one year from the Effective Date of this Agreement. All adjustments shall be agreed to by the parties in writing prior to implementation, and the Authority shall have the right to review and/or audit Consultant’s Direct Labor Costs and FAR rates upon written request and as provided in subsection 3.f. hereto. During the term of this Agreement Consultant shall provide to the Authority, prior to requesting any adjustment to rates, a copy of the report establishing a new FAR rate for Consultant. The Consultant represents that neither the auditable overhead rate nor the profit percentage used under this Agreement shall exceed the auditable overhead rate or profit percentage utilized by the Consultant in its agreement(s) with, or subcontracts for, traffic and revenue engineering services (or comparable work) for the Texas Department of Transportation, any other regional mobility authority, or any similar transportation authority in the State of Texas. The payment of the hourly rates and allowed costs shall constitute full payment for all Services, liaisons, products, materials, and equipment required to deliver the Services.
Basis for Compensation. Subject to the terms of a Work Authorization and/or Letter Agreement issued pursuant to Section 14 below, the Authority agrees to pay, and the GEC agrees to accept as full and sufficient compensation and reimbursement for the performance of all services as set forth in this Agreement, hourly rates for the staff working on the assignment computed as follows: Direct Labor Cost x (1.0 + OH Rate) x Profit where Direct Labor Cost equals salary divided by 2080; OH Rate equals the GEC’s most recent auditable overhead rate under 48 C.F.R. Part 31, Federal Acquisition Regulations (FAR 31); and Profit ranges from 1.08 (8% Profit) to 1.12 (12% Profit). The Profit amount will be negotiated for each Work Authorization and/or Letter Agreement predicated on the complexity of each specific assignment. In general, it is anticipated an 8% Profit would be applied to assignments that are less complex and more administrative in nature, while a Profit amount up to 12% would be applied to those assignments that are complex, specialized, and carry increased levels of risk including project specific assignments for design and oversight. The cap of the Direct Labor Cost for the classifications of employees working for the Authority as of the Effective Date of this Agreement is reflected in Appendix B. Revisions to the Direct Labor Cost cap for employee classifications and the auditable overhead rate may be proposed no more frequently than once per calendar year, subject to the approval of the Executive Director or his/her designee. Annual revisions to Direct Labor Costs of employees working predominately on Authority projects shall not exceed 3% unless otherwise approved by the Authority. Revisions in employee classifications for employees working predominately on Authority projects must be approved by the Authority. No adjustment shall be made to the specified negotiated Profit for each Work Authorization and/or Letter Agreement. Adjustments to the direct labor costs, employee classifications and auditable overhead rate may occur in the month selected by the Engineer, however, the first adjustment shall occur no earlier than 12 months after the execution of this Agreement, and future adjustments shall occur no earlier than 12 months after the previous adjustment. All adjustments shall be agreed to by the parties prior to implementation, and the Authority shall have the right to review and/or audit the GEC’s Direct Labor Costs, employee classifications and auditable overhead rates ...
Basis for Compensation. Subject to the terms of a Work Authorization issued pursuant to Article 4 below (including any maximum amount to be paid as stated therein), the Mobility Authority agrees to pay, and the Engineer agrees to accept as full and sufficient
Basis for Compensation. The Owner will compensate the Design Team for the Scope of Services as outlined in the Request for Qualifications, Architectural and Consulting Services, Missoula Police Department Facilities Planning, Item 5, Budget, indicated as $95,000.
Basis for Compensation. The basis of compensation for this task order will be based on the current on-call contract services with the City of Vancouver. The engineer’s fee estimate for this task order is presented in Table 1 below.
Basis for Compensation. County shall pay Provider for collection services in accordance with Agreement Appendix H. The number of households shall be in accordance with this Agreement and the Agreement Appendix G methodology. The County shall be primarily responsible for maintaining the master count of total eligible residential households by community. The Provider may supplement this information with their own route audits to verify actual household count accuracy. Invoicing and Payment Provider shall invoice County monthly. Each invoice shall be complete and accurate, representing the actual services completed. County shall receive each invoice by the 10th day of the month for the previous month. The County will pay the invoice in net 21 days from date of invoice, excluding any discrepancies. Fuel Cost Adjustments The prices in Agreement Appendix H are based on an assumed benchmark diesel fuel cost of $3.00 per gallon. Calculations for each invoice shall begin by using the prices in Agreement Appendix H to determine the "base amount” for the invoice. The “base amount” shall be adjusted downward or upward, as follows, to account for the actual diesel fuel cost that existed the prior month. If the prior month diesel fuel cost was below $3.00 per gallon, the “base amount” shall be adjusted downward by 0.2 percent (0.2%) for every five cents ($0.05) per gallon that the diesel fuel cost was below $3.00 per gallon. If the prior month diesel fuel cost was above $3.00 per gallon, the “base amount” shall be adjusted upward by 0.2 percent (0.2%) for every five cents ($0.05) per gallon that the diesel fuel cost was above $3.00 per gallon. The adjustments to the “base amount”, as described above, will yield the “adjusted amount” that Provider will invoice County. Each invoice shall show the calculations made to obtain the "base amounts” as well as the "adjusted amounts”. The diesel fuel price adjustment for a given month shall be obtained from the website of the U.S. Energy Information Agency (EIA) (xxxxx://xxx.xxx.xxx/petroleum/gasdiesel) for U.S. On-Highway Diesel Fuel Prices, Midwest (PADD2), using the first posted price of each month. Along with the invoice, a screenshot from the website showing the current diesel fuel price index for each month and the explicit method of adjustment calculation, shall be provided. Liquidated Damages, Default and Cure, and Termination Liquidated Damages This Agreement requires Provider to meet the following performance standards: Deliver quality and tim...