Cost of Leave. The principles of calculating the cost of total days leave per annum as a percentage of basic salary is normally calculated as follows: Leave cost as percentage of salary = Where w = weekends, ph = public holidays, v = vacation, and s = sick leave. Please note that leave can be considered as a social cost only if the Client is not charged for the leave taken. Overheads are the Consultant’s business costs that are not directly related to the execution of the assignment and shall not be reimbursed as separate items under the Contract. Typical items are home office costs (non-billable time, time of senior Consultant’s staff monitoring the project, rent of headquarters’ office, support staff, research, staff training, marketing, etc.), the cost of Consultant’s personnel not currently employed on revenue-earning projects, taxes on business activities, and business promotion costs. During negotiations, audited financial statements, certified as correct by an independent auditor and supporting the last three years’ overheads, shall be available for discussion, together with detailed lists of items making up the overheads and the percentage by which each relates to basic salary. The Client does not accept an add-on margin for social charges, overhead expenses, etc. for Experts who are not permanent employees of the Consultant. In such case, the Consultant shall be entitled only to administrative costs and a fee on the monthly payments charged for sub-contracted Experts. Profit is normally based on the sum of the Salary, Social costs, and Overheads. If any bonuses paid on a regular basis are listed, a corresponding reduction shall be made in the profit amount. Profit shall not be allowed on travel or any other reimbursable expenses.
Cost of Leave. The principles of calculating the cost of total days leave per annum as a percentage of basic salary is normally calculated as follows: Leave cost as percentage of salary =total days leaves x 100 [365-w-ph-v-s] Where w = weekends, ph = public holidays, v = vacation, and s = sick leave. Please note that leave can be considered as a social cost only if the Procuring Entity is not charged for the leave taken.
Cost of Leave. The principles of calculating the cost of total days leave per annum as a percentage of basic salary shall normally be as follows: Leave cost as percentage of salary2 = total days leave x 100 [365 - w - ph - v - s] 1 Used under Quality-Based Selection, Selection Based on Qualifications, and Single-Source Selection. It is important to note that leave can be considered a social cost only if the Employer is not charged for the leave taken.
