Payroll Cost. The payroll costs used as a basis for payment mean the salaries and wages paid to all personnel engaged directly on the Project, including, but not limited to, engineers, surveyors, designers, drafters, specifications writers, estimators, other technical personnel, administrative personnel, typists and clerks; plus the cost of customary and statutory benefits including, but not limited to, social security contributions, unemployment, excise and payroll taxes, workmen’s compensation, health and retirement benefits, sick leave, vacation and holiday pay applicable thereto. The amount of customary and statutory benefits of all personnel will be considered equal to 30% of salaries and wages.
Payroll Cost. The payroll costs used as a basis for payment mean the salaries and wages paid to all personnel engaged directly on the Project, including, but not limited to, ARCHITECTS, surveyors, designers, drafters, specifications writers, estimators, other technical personnel, administrative personnel, typists and clerks; plus the cost of customary and statutory benefits including, but not limited to, social security contributions, unemployment, excise and payroll taxes, workmen’s compensation, health and retirement benefits, sick leave, vacation and holiday pay applicable thereto. The amount of customary and statutory benefits of all personnel will be considered equal to 30% of salaries and wages. Reimbursable Expenses Reimbursable expenses shall mean the actual expense incurred directly or indirectly in connection with the Project to include but not be limited to: transportation and meals incidental thereto; obtaining bids or proposals from Contractor(s), furnishing and maintaining field office facilities; phone calls and faxes, excluding those to home office; reproduction of reports, Drawings and Specifications and similar Project related items in addition to those required under Article 1; and, if authorized in advance by AGENCY overtime work requiring higher than regular rates.
Payroll Cost. Payroll Cost shall be the sum of (a) the amount of all wages and salary which GE pays directly to its employees for labor and services performed at the Site for or in connection with the Operation, excluding all overtime associated with the overhaul of the Gas Turbine Packages, and Maintenance of the Facility and the Repair and Overhaul of the Gas Turbine Packages, up to, in any Operating Year, an amount equal to the product of 1.02 and the amount set forth in the Annual Budget for such Operating Year for wages ("Wages"), (b) an amount equal to 40% of the sum of (i) Wages paid to employees who do not receive additional Wages for overtime and the Wages for non-overtime hours paid to employees who receive additional Wages for overtime and, and (ii) the straight-time portion of Wages paid for overtime hours paid to employees who receive additional Wages for overtime, to cover GE's salary related costs, such as benefits, payroll taxes and employment-related insurance premiums, and (c) an amount equal to 10% of the sum of (i) Wages paid to employees who do not receive additional Wages for overtime, (ii) Wages paid for non-overtime hours and the straight-time portion of Wages paid for overtime hours paid to employees who receive additional Wages for overtime, to cover GE's allocable general and administrative costs.
