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 negotiated with Owner, after Owner’s review of an itemized list detailing each component of Construction Manager’s labor burden. For purposes hereof, “labor burden” means the actual cost of benefits and taxes that Construction Manager must pay its employees, as evidenced by certified payroll. Labor Burden shall not include any profit, markup, bonus, or expenses unrelated to the Project, as determined by Owner.
Appears in 3 contracts
Samples: Agreement for Construction Management Services, Agreement for Construction Management Services, Agreement for Construction Management Services
Labor Burden. For purposes of calculating amounts due to Construction Manager under this Agreement for Staffingstaffing, the Parties agree that Construction Manager’s labor burden for each employee staffing the Project shall be negotiated with Ownerthe labor burden approved by Owner prior to, after Owner’s review of an itemized list detailing each component of Construction Manager’s labor burdenor upon execution of, this Agreement. For purposes hereof, “labor burden” means the actual cost of benefits and taxes that Construction Manager must pay its employees, as evidenced by per the certified payroll. Labor Burden , and shall not include any profit, markup, bonus, bonus or expenses expense unrelated to the Project, as determined by Owneremployee compensation. The labor burden shall fall within industry benchmarks illustrated in Section 5.2.6.
Appears in 1 contract
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 project shall be shall be negotiated with Owner, after Owner’s review of an itemized list detailing each component of Construction Manager’s labor burden. For purposes hereof, “labor burden” means the actual cost of benefits and taxes that Construction Manager must pay its employeesPersonnel, as evidenced by per the certified payroll. Labor Burden shall not include any profit, markup, bonus, or expenses unrelated to the Project, as determined by Owner.
Appears in 1 contract
Samples: Agreement for Construction Management Continuing Services