Overhead Cost. Payroll costs and other compensation of Contractor’s officers, executives, principals, general managers, engineers, architects, estimators, attorneys, auditors, accountants, purchasing and contracting agents, timekeepers, clerks, and other personnel employed by Contractor whether at the Site or in Contractor’s principal office or any branch office, material yard, or shop for general administration of the Additional Work;
Overhead Cost. Indirect Labor and Facilities rates shall be agreed on an annual basis, based upon actual costs of operations without additional charges or xxxx-ups. The Parties shall allocate Indirect Labor and Facilities by category of Product. On an annual basis Each Product will be assigned an overhead pricing category as described in Table C-2 and as illustrated in Table C-3, and all Products in that category will have the same Overhead rate. Confidential treatment is being requested for portions of this document. This copy of the document filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission. MANUFACTURING AND PURCHASE AGREEMENT Table C-2 Overhead Rate Methodology Timing Activity Initial Cost Program Setup • Assign Product to an Overhead category containing like Products with similar support requirements. • Establish actual costs for Indirect Labor and Facilities for each Product family. • Define Overhead rates for each category as the median of per-unit costs for all Products in that category. • Define boundaries of each category to be the midpoint between the Overhead rate for that category and the next lower/higher category. • Compare actual costs per Product to the category boundaries. Re-assign Products to lower/higher categories when actual costs for that Product are outside the boundaries for the initially-assigned category. Annually • Reset Overhead rates for each category based on current actual support costs, as mutually assessed and agreed. • Establish quarterly volume forecast by Product family and volume variability limits which would shift the Product family to a higher/lower category. Quarterly • Shift Products to different Overhead categories based on current actual support requirements, and establish the appropriate volume adjustment to reflect prior quarter actual family volumes. Table C-3 Overhead Rate Illustrative Example VALUES ARE FOR ILLUSTRATIVE EXAMPLE ONLY Overhead Cost Category Overhead Rate (per DL Hour) Products 1 $ 1.50 Product A, Product C, Product F, Product N 2 $ 2.25 Product B, Product E, Product R 3 $ 3.00 Product D, Product G, Product L, Product M 4 $ 4.50 Product H, Product J, Product K … … … N $ 7.00 Product P Overhead categories will be specified in the Statement of Work for a Product.
Overhead Cost. The overhead costs are the indirect costs associated with providing a service such as rent, utilities, and insurance (Overhead rate = 120% based on California Safe Harbor rate).
Overhead Cost. Payroll costs and other compensation of Design-Builder’s officers, executives, principals (of partnership and sole proprietorships), general managers, Subcontractors, estimators, attorneys, auditors, accountants, purchasing and contracting agents, timekeepers, clerks and other personnel employed by Design-Builder for general administration of the Project, whether at the Project Site or in Design-Builder’s principal office, a branch office, or material yard and shop, are considered to be administrative costs included in Design-Builder’s allowance for overhead and profit.
Overhead Cost. Shall be a percentage of the Direct Salaries. The percentage to be charged shall be negotiated between WATERMASTER and PROFESSIONAL, and it shall be stipulated in each RFS for which this type of payment method will be used.
