Cost of Labour definition

Cost of Labour means the amount of wages, salary and Payroll Burden paid or incurred directly by the Contractor to the extent actively and necessarily engaged in carrying out the Change in the Work based on the recorded time and hourly rates of pay for labour, but shall not include any payment or costs incurred for general supervision, administration or management time spent on carrying out the Change in the Work or any wages, salary or Payroll Burden for which the Contractor is compensated by any payment made by the Town for equipment. The Contractor shall be compensated for the Cost of Labour as follows:
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Cost of Labour means, in respect of all Personnel in the direct employ of the Contractor for labour and supervision actively and necessarily engaged on the T&M Change in the Work, the aggregate product of (.
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Cost of Labour means the amount of wages and payroll burden paid or incurred directly by the Contractor for or in respect of the labour forces and for or in respect of supervision by foreman actively and necessarily engaged on the Work. Costs will be based on the recorded time and hourly rates of pay for such labour and supervision, but shall not include any payment or costs incurred for general supervision, administration or management or any wages, or payroll burden for which the Contractor is compensated by any payment made by the City for equipment.
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Examples of Cost of Labour in a sentence

  • C7.7 Cost of Labour Relations MeetingsThe parties agree that efforts will be made to minimize costs related to the committee.

  • The contents of Act No. 196/1997 reflect a previous agreement be- tween the Government and the social parties (see the Employment Pact of 24 Septem- ber 1996 and the previous Agreement of the Cost of Labour of 23 July 1993).

  • Clause GC 8.02.05.01.01, Definition for Cost of Labour is deleted and replaced by the following.

  • Labour: Cost of Labour, Time Recording, Labour Remuneration, Basic Methods of Remuneration, Incentive Schemes, Classification of Incentive Schemes.

  • These shall include expenses towards Cost of Labour (As per Minimum wages rates for Scheduled Employment of “Building & Construction” and consequential statutory benefits viz.

  • Cost of Labour in respect of wages remuneration for staff: Total Cost of Labour per month R… per month 2.

  • The financial obligations of the Joint Venture shall be discharged through the said Joint Venture Bank Account onlyand also all the payments received or paid by company to the Joint Venture shall be through that account alone.

  • Cost of Labour `: 33426.22 TOTAL`:106787.10Add for electric sub-station / demand charges @ 1.00% `:1067.87Add for enabling works @ 0.90% `:961.08Total cost for 14.85cum `:108816.05Rate percum `:7327.68Rate approved per cum`:7328.00Note: For every additional 1.5 m lift beyond 1.5 m from bed level add / cum`:40.50( Proposed at 50 % of the lift charges worked out under Item : 13 ) SECTION: LIFT IRRIGATION WORKS.

  • Cost of Labour`: 29460.32 TOTAL `:76542.55 Add for electric sub-station & demand charges @1.00%`:765.43Add for enabling works @0.90%`:688.88Total cost for270.00 cum`:77996.86 Rate per cum`:288.88 Rate approved per cum`:289.00 SECTION: LIFT IRRIGATION WORKS.

  • The Cost of Labour for the Group 1 (for a given bid) is the estimated level of effort multiplied by the average hourly rate provided for the given group (for a given bid) multiplied by 1650hours.


More Definitions of Cost of Labour

Cost of Labour means the amount of wages, salary and payroll burden paid or incurred directly by the Contractor to or in respect of labour and supervision by foremen actively and necessarily engaged on the extra work based on the recorded time and hourly rates of pay for such labour and supervision, but shall not include any payment or costs incurred for general supervision, administration or management time spent on the entire work or any wages, salary or payroll burden for which the
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Cost of Labour means the amount of wages, salary, and payroll burden paid or incurred directly by Contractor to or in respect of labour and supervision by fore-men actively and necessarily engaged on the extra work based on recorded time and hourly rates of such labour and supervision.
Sample 1

Related to Cost of Labour

  • Day labor means all cases where public bodies, their

  • Cost of Goods means the fully burdened cost to manufacture Compound or Drug Product, as applicable, (the “Supplied Product”) which means: (a) [ * ]; and (b) in the case of [ * ]. Actual unit costs shall consist of [ * ].

  • Forced Labor means knowingly providing or obtaining the labor or services of a person-

  • Cost of Living Adjustment or “COLA” means a percentage-based general wage increase adjustment provided in accordance with this memorandum of agreement. COLA is an upward adjustment applied to and folded into all wage rates. The "annualized average of BC CPI over twelve months” (AABC CPI) means the Latest 12-month Average Index % Change reported by BC Stats in March for British Columbia for the twelve months starting at the beginning of March in the preceding year and concluding at the end of the following February. The “Latest 12-month Average Index”, as defined by BC Stats, is a 12-month moving average of the BC consumer price indexes of the most recent 12 months. This figure is calculated by averaging index levels over the applicable 12 months. The Latest 12-month Average Index % Change is reported publicly by BC Stats in the monthly BC Stats Consumer Price Index Highlights report. The BC Stats Consumer Price Index Highlights report released in mid-March will contain the applicable figure for the 12 months concluding at the end of February. The percentage change reported by BC Stats that will form the basis for determining any COLA increase is calculated to one decimal point. For reference purposes only, the annualized average of BC CPI over 12 months from March 1, 2021 to February 28, 2022 was 3.4%.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Price Index means the Consumer Price Index which is designated for the applicable month of determination as the United States City Average for All Urban Consumers, All Items, Not Seasonally Adjusted, with a base period equaling 100 in 1982 - 1984, as published by the United States Department of Labor’s Bureau of Labor Statistics or any successor agency. In the event that the Price Index ceases to be published, its successor index measuring cost of living as published by the same Governmental Authority which published the Price Index shall be substituted and any necessary reasonable adjustments shall be made by Lessor and Lessee in order to carry out the intent of Section 4.

  • Forced labor or services means labor or services that are performed or provided by another person and are obtained or maintained through coercion.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • CPI-W is defined as the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-1984+100) as published by the United States Department of Labor, Bureau of Labor Statistics.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Cost of Goods Sold means [ * ].

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750 of the Telerate Service (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the "LIBO Rate" with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

  • Fully Burdened Hourly Labor Rate means an hourly rate that includes all salary, overhead costs, general and administrative expenses, and profit.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).