METHODS OF PAYMENT FOR EXTRA WORK Sample Clauses

METHODS OF PAYMENT FOR EXTRA WORK. 50.1. For Extra Work where payment is by agreement on a fixed price in accordance with Article 49.3.2, the price to be paid for such Extra Work shall be based on the fair and reasonable estimated cost of the items set forth below. For Extra Work where payment is based on time and material records in accordance with Article 49.3.3, the price to be paid for such Extra Work shall be the actual and reasonable cost of the items set forth below, calculated in accordance with the formula specified therein, if any. 50.1.1. Necessary materials (including transportation to the Site); plus 50.1.2. Necessary direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits; plus 50.1.3. Sales and personal property taxes, if any, required to be paid on materials not incorporated into such Extra Work; plus 50.1.4. Reasonable rental value of Contractor-owned (or Subcontractor-owned, as applicable), necessary plant and equipment other than Small Tools, plus fuel/energy costs. Except for fuel costs for pick-up trucks which shall be reimbursed based on a consumption of five (5) gallons per shift, fuel costs shall be reimbursed based on actual costs or, in the absence of auditable documentation, the following fuel consumption formula per operating hour: (.035) x (HP rating) x (Fuel cost/gallon). Reasonable rental value is defined as the lower of either seventy-five percent of the monthly prorated rental rates established in “The AED Green Book, Rental Rates and Specifications for Construction Equipment” published by Equipment Watch (the “Green Book”), or seventy-five percent of the monthly prorated rental rates established in the “Rental Rate Blue Book for Construction Equipment” published by Equipment Watch (the “Blue Book”) (the applicable Blue Book rate being for rental only without the addition of any operational costs listed in the Blue Book). The reasonable rental value is deemed to be inclusive of all operating costs except for fuel/energy consumption and equipment operator’s wages/costs. For multiple shift utilization, reimbursement shall be calculated as follows: first shift shall be seventy-five (75%) percent of such rental rates; second shift shall be sixty (60%) percent of the first shift rate; and third shift shall be forty (40%) percent of the first shift rate. Equipment on standby shall be reimbursed at one-third (1/3) the prorated monthly rental rate. Contractor- owned (or Subcontractor-owned, as applicable) equipment includes e...
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METHODS OF PAYMENT FOR EXTRA WORK. 28.1 Extra Work: The price to be paid for Extra Work ordered pursuant to Article 26, and performed hereunder, shall be as set forth herein. For Extra Work where payment is by agreement on a fixed price in accordance to Article 26.2, the price to be paid for such Extra Work shall be the fair and reasonable cost of the items set forth below. For Extra Work where payment is on a time and material basis in accordance with Article 26.2, the price to be paid for such Extra Work shall be the actual and reasonable cost of the items set forth below. 28.1.1 Necessary materials (including transportation to the Site); 28.1.2 Necessary direct labor, the cost of which shall be comprised of the items set forth below: (a) prevailing wages and supplemental benefits, as defined in Labor Law Section 220; (b) Payroll Taxes, defined as State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”); and (c) workers’ compensation insurance, as set forth in Article 10.2.2(e) of this Agreement. The cost of workers’ compensation insurance shall be based upon the average rate for such insurance for the applicable class(es) of labor, in accordance with the most recent schedule promulgated by the New York State Workers’ Compensation Board. 28.1.3 Sales and personal property taxes, if any, required to be paid on materials not incorporated into such Extra Work; 28.1.4 Maintenance, operation and rental of, or reasonable rental value of Subcontractor-owned, necessary plant and equipment other than small tools. Subcontractor-owned equipment is defined to include equipment rental companies affiliated with or controlled by the Subcontractor, as determined by the Director. Payment rates for the use of Subcontractor-owned plant and equipment shall be in accordance with the provisions of Joint Directive No. 1 issued by the City of New York Mayor’s Office of Construction and the Comptroller. The applicable directive shall be that in effect at the time of the bid opening for the subcontract; 28.1.5 Necessary installation and dismantling of such plant and equipment (including transportation to and from the Site), if any; 28.1.6 Reasonable rental costs of non-subcontractor-owned necessary plant and equipment other than small tools. In no event shall the amount paid to the Subcontractor for such rental exceed the lower of the actual value of such equipment or the book value of such equipment; 28.1.7 Any insurance...
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METHODS OF PAYMENT FOR EXTRA WORK. 26.1 For Extra Work where payment is by agreement on a fixed price in accordance with Article 25 the price to be paid for such Extra Work shall be based on the fair and reasonable estimated cost of the items.
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METHODS OF PAYMENT FOR EXTRA WORK. Extra work for which there are applicable unit prices in the Contract Documents will be paid for at such unit prices. Where there are no applicable unit prices in the Contract Documents, the price to be paid for extra work ordered pursuant to Section 6.01, and performed by the Contractor with its own forces shall be the actual and reasonable cost of: A. Necessary materials (including transportation to the site); plus B. Necessary direct labor; plus C. All insurance required by reason of the performance of the extra work; plus D. Payments required to be made to labor organizations under existing labor agreements; plus E. Sales and personal property taxes, if any, required to be paid on materials incorporated in such extra work; plus F. Maintenance, operation and rental of, or reasonable rental value of contractor-owned, necessary plant and equipment other than small tools (including gas, oil, coal, electric current, etc.); plus G. Necessary installation and dismantling of such plant and equipment (including transportation to and from the site), if any; plus H. Ten percent (10%) of the total of Items A-G as compensation for all other items of cost or expense including administration, overhead, general superintendence, and small tools; plus I. Ten percent (10%) of the total of Items A-H for profit. Where there are no applicable unit prices for extra work ordered pursuant to Section 6.01 and performed in whole or in part by other than the Contractor's own forces, the Contractor shall be paid only the actual and reasonable cost of such subcontracted work computed as outlined above, plus an additional allowance of Five (5) Percent to cover the Contractor's profit, superintendence, administration, insurance and other overhead. Where a change is ordered, involving both extra work and omitted or reduced Contract Work, the contract price shall be adjusted, in an amount based on the difference between the value of such extra work and of the work omitted or reduced. The cost of such extra work and of such omitted or reduced work shall be computed in accordance with Items 1 through 7 of this Section. If the cost of such extra work exceeds the cost of the work omitted or reduced, the contract price shall be increased by the difference, plus ten (10%) percent thereof, as compensation for all other items of cost or expense including administration, overhead, superintendence and small tools, plus an additional ten (10%) percent on the total thereof as compensation for prof...
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Related to METHODS OF PAYMENT FOR EXTRA WORK

  • Methods of Payment Distributions from the Director's Deferral Accounts shall be paid in cash in a single sum unless the Participant elects, at the time a Payment Date is selected pursuant to paragraph 4.1(a) or 4.1(b), to receive the amount payable in generally equal quarterly installments over a period not to exceed ten (10) years. In addition, at least one year before the Payment Date, a Director may change the method of payment previously selected.

  • PAYMENT FOR WORK The H-GAC Customer is responsible for making payment to the Contractor upon delivery and acceptance of the goods or completion of the services and submission of the subsequent invoice.

  • Payment for TIPS Sales TIPS Members may make payments for TIPS Sales directly to Vendor, Vendor’s Authorized Reseller, or as otherwise agreed to in the applicable Supplemental Agreement after receipt of the invoice and in compliance with applicable payment statutes. Regardless of how payment is issued or received for a TIPS Sale, Vendor is responsible for all reporting and TIPS Administration Fee payment requirements as stated herein.

  • Payment for Overtime 1. Except as provided in 2.C.3., below, overtime shall be compensated at one and one-half (1 1/2) times the regular rate. 2. Except as provided in 2.C.3., below, for all regular, limited-term and probationary employees, overtime may be converted to compensatory time or paid for at the option of the agency/department. Consideration shall be given to effectuating the wishes of employees. The maximum number of CTO hours which may be accrued by any employee is eighty (80). If an employee accrues 80 hours of CTO, he/she cannot accrue additional CTO until he/she uses some of the hours in his/her bank; instead, employees will be paid for all overtime work performed in excess of that amount. 3. Overtime hours worked by extra help employees shall be paid. 4. Compensatory time earned and accrued by an employee in excess of thirty-two (32) hours may be scheduled off for an employee by his or her agency/department; however, consideration shall be given to effectuating the wishes of those employees requesting specific compensatory time off periods. 5. No scheduled compensatory time off will be cancelled except in cases of emergency. 6. In no case may an employee's work schedule be changed during the workweek when the purpose of such change is to avoid overtime compensation. 7. Time worked as overtime shall not be used to earn fringe benefits or to serve out probation or merit increase periods. Compensatory time off may be used as part of the established workweek to earn fringe benefits and to serve out probationary and merit increase periods. 8. An employee separating from the County service shall be paid for accumulated compensatory time in a lump sum payment.

  • Payment for Working Overtime (a) For all work done outside ordinary hours, the rates of pay will be time and a half for the first two hours and double time thereafter. (b) Except as provided in clause 8.4, in computing overtime each day’s work will stand alone. (c) To avoid doubt, overtime provisions for shift workers are contained in clause 10.7.

  • PAYMENT FOR GOODS AND SERVICES a. DIR Customer shall comply with Chapter 2251, Texas Government Code, or applicable local law, in making payments to the Vendor. Payment under a DIR Contract shall not foreclose the right to recover wrongful payments. b. Payments must be made in accordance with laws and procedures applicable to DIR Customer. c. DIR Customer agrees to pay the rates and/or prices set by DIR with its vendors. DIR Customer understands these rates and/or prices include a DIR administrative fee. d. All purchases executed under a DIR Contract will require a DIR Customer purchase order.

  • Timeliness of Payment All undisputed charges shall be due and payable in accordance with each Party’s invoice instructions on or before the later of (x) fifteen (15) days from receipt of the applicable invoice or (y) the last day of the calendar month in which the applicable invoice was received (or in either event the next Business Day if such day is not a Business Day). Each Party shall make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any undisputed amounts not paid by the due date shall be deemed delinquent and shall accrue interest at the Late Payment Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.

  • Payment for leave (a) Payment will be made based on the Employee’s ordinary pay for the ordinary hours the Employee would have worked on the day or days on which the leave was taken. (b) An Employee utilising personal leave may take leave for part of a single day. Leave will be deducted from the Employee’s accrued personal leave including, where relevant, for a part day.

  • Payment for Labor and Materials (a) Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials ("LABOR AND MATERIAL COSTS") incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof except for the Permitted Encumbrances. (b) After prior written notice to Lender, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount or validity or application in whole or in part of any of the Labor and Material Costs, provided that (i) no Event of Default has occurred and is continuing under the Loan Agreement, the Note, this Security Instrument or any of the other Loan Documents, (ii) Borrower is permitted to do so under the provisions of any other mortgage, deed of trust or deed to secure debt affecting the Property, (iii) such proceeding shall suspend the collection of the Labor and Material Costs from Borrower and from the Property or Borrower shall have paid all of the Labor and Material Costs under protest, (iv) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which Borrower is subject and shall not constitute a default thereunder, (v) neither the Property nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, canceled or lost, and (vi) Borrower shall have furnished the security as may be required in the proceeding, or as may be reasonably requested by Lender to insure the payment of any contested Labor and Material Costs, together with all interest and penalties thereon.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period. (b) At the election of the employee such payments may be paid in accordance with the usual pay day relevant to the period of leave being taken.

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