Labor Indexes Sample Clauses

Labor Indexes. For the purpose of this labor adjustment provision, the Labor Indexes used shall be based on labor cost surveys performed by a mutually acceptable independent third party firm. Such surveys shall be formulated to accurately reflect the cost of labor for the Project and the regional area, and shall consider wages for applicable craft labor groups. The Labor Indexes shall take into account the Labor Portion of each labor group as a fixed percentage of the labor portion of the Contract Price as provided below. The parties agree that labor cost surveys for the Northwestern United States prepared by PAS, Inc. of Saline, Michigan, are mutually acceptable. A Base Labor Index (BLI) shall be established using actual Survey Labor Rates dated on or about March 1, 2009. For example: Example Survey Labor Average CRAFT Portion Hourly Wage Rate Boilermakers 10% X $20.00 = 2.00 Electricians 20% X $20.00 = 4.00 Iron Workers, Structural 2% X $20.00 = 0.40 Millwrights 15% X $20.00 = 3.00 Pipefitters 16% X $20.00 = 3.20 Welders 17% X $20.00 = 3.40 Base Labor Index (BLI) SUM = 16.00 A Periodic Labor Index (PLI) shall be established using actual Survey Labor Rates dated on or about September 1, 2009. For example: Example Survey Labor Average CRAFT Portion Hourly Wage Rate Boilermakers 10% X $25.00 = 2.50 Electricians 20% X $18.00 = 3.60 Iron Workers, Structural 2% X $20.00 = 0.40 Millwrights 15% X $22.00 = 3.30 Pipefitters 16% X $30.00 = 4.80 Welders 17% X $20.00 = 3.40 Periodic Labor Index (PLI) SUM = 18.00 The BLI and PLI shall be calculated to two decimal places.
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Related to Labor Indexes

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