Common use of Labor Burden Clause in Contracts

Labor Burden. For purposes of calculating amounts due to Construction Manager under this Agreement for staffing, the parties agree that Construction Manager’s labor burden for each employee staffing the Project shall be the labor burden approved by the Owner prior to, or upon execution of, this Agreement. For purposes hereof, labor burden means the actual cost of benefits and taxes that Construction Manager must pay or chooses to pay its employees and shall not include any profit, markup or expense unrelated to employee compensation. With respect to benefits Construction Manager chooses to pay, such benefits must be authorized by Owner under Owner’s policy pertaining to labor burden in order to receive reimbursement from Owner.

Appears in 6 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement

AutoNDA by SimpleDocs

Labor Burden. For purposes of calculating amounts due to Construction Manager under this Agreement for staffing, the parties agree that Construction Manager’s labor burden for each employee staffing the Project shall be the labor burden approved by the Owner prior to, or upon execution of, this Agreementin accordance with Owner’s policy regarding same. For purposes hereof, labor burden means the actual cost of benefits and taxes that Construction Manager must pay or chooses to pay its employees and shall not include any profit, markup or expense unrelated to employee compensation. With respect to benefits Construction Manager chooses to pay, such benefits must be authorized by Owner under Owner’s policy pertaining to labor burden in order to receive reimbursement from Owner.

Appears in 5 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement

AutoNDA by SimpleDocs

Labor Burden. For purposes of calculating amounts due to Construction Manager under this Agreement for staffing, the parties agree that Construction Manager’s labor burden for each employee staffing the Project shall be the labor burden approved by the Owner prior to, or upon execution of, this Agreementin accordance with Owner’s policies and Project Management Guides. For purposes hereof, labor burden means the actual cost of benefits and taxes that Construction Manager must pay or chooses to pay its employees and shall not include any profit, markup or expense unrelated to employee compensation. With respect to benefits Construction Manager chooses to pay, such benefits must be authorized by Owner under Owner’s policy pertaining to labor burden in order to receive reimbursement from Owner.

Appears in 1 contract

Samples: Construction Management Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!