Indirect Labor definition

Indirect Labor means Indirect Costs associated with the costs of performing the work of this agreement (utilities, etc.) as specified in the ISU Office of Research Policies and Procedures.
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Indirect Labor means the actual costs for all indirect support for Products including without limitation engineering, purchasing, maintenance, quality, planning, purchasing, etc. Where allocation assumptions are required, Indirect Labor costs will be allocated to Product families based upon their actual support and requirements and to Products within a Product family on the basis of Direct Labor hours. Overhead means the Indirect Labor and Facilities Costs attributed to a Product by BUYER. Scrap means the actual scrap rate, net of salvage/rework value Variable Cost means the Direct Materials, Direct Labor, Scrap and Consumables attributed to a Product by BUYER. Pricing shall be determined and adjusted as set forth herein. The parties agree that the price shall consist of the sum of Variable Cost plus Overhead plus CM ▇▇▇▇-Ups, all as further illustrated in the Table C-1. Table C-1 Cost Element Components Variable Cost Direct Materials Cost Element Components Direct Labor Scrap Consumables Overhead Indirect Labor Facilities Costs CM ▇▇▇▇-Ups CM G&A, including cost of capital CM Profit Variable costs and Overhead shall be based upon the actual costs and the parties agree that BUYER shall have access to all documentation to determine actual costs. Overhead costs shall be determined as described herein. Upon notice, BUYER may audit SUPPLIER records to determine actual costs. CM ▇▇▇▇-Ups shall be based upon mutual agreement of the parties. Furthermore, BUYER shall price Overhead by category of Product. 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. Table C-2 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 a...
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Indirect Labor includes the actual salary and wages of personnel providing support to the contract and specifically includes management, clerical and administrative personnel, the administrative time of direct employees and the period accrual for paid absences. Indirect Labor also includes the salary and wages of otherwise direct personnel while on compensated leave or performing duties not directly related to providing contracted services. Fringe Benefits on Direct Labor only include that portion of costs related to the direct labor salary or wages incurred. In no event shall the Indirect Labor costs exceed sixty five percent (65%) of Direct Labor costs.
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Examples of Indirect Labor in a sentence

  • Non-project pay shall be included as Indirect Labor per Section 3.01(2)(b).

  • The Parties shall allocate Indirect Labor and Facilities by category of Product.

  • See Sloopy Solar ISA, Specifications, section 2.1. The Sloopy Solar ISA has an Attachment Facilities Charge of $679,800, a Network Upgrades Charge of $10,283,300, a Local Upgrades Charge of $0, and Other Charges of $2,500, for a total of $10,965,600, which consists of $5,750,600 in Direct Labor costs, $3,232,000 in Direct Material costs, $1,707,500 in Indirect Labor costs, and $275,500 in Indirect Material costs.

  • Indirect Labor and Facilities rates shall be agreed on an annual basis, based upon actual costs of operations without additional charges or ▇▇▇▇-ups.

  • Failure to provide the requisite Statement of Indirect Labor Costs (Statement of Overhead) in a format acceptable to NJ TRANSIT may result in NJ TRANSIT withholding payment of fee and all or a portion of Indirect Labor Costs in an amount determined by NJ TRANSIT.

  • Indirect Labor Direct Labor Diesel Fuel CNG Fuel (If utilized) Vehicle Replacement Vehicle Maintenance Disposal/Tipping Fees All Other Franchise Fee Series ID: ceu6056210008 Service Producing Industries Actual direct labor change as outlined in Collective Bargaining Agreement for the time period wherein the adjusted rate is to be applied.

  • Overhead Cost Indirect Labor and Facilities rates shall be agreed on an annual basis, based upon actual costs of operations without additional charges or ▇▇▇▇-ups.

  • In consideration of the Management Services furnished by MIMI hereunder, the Company agrees to pay to MIMI the "Management Fee" The Management Fee will be determined on a weekly basis by multiplying the number of hours actually paid during the week by the Direct and Indirect Labor Personnel, including overtime hours actually paid, by the applicable Management Fee Per Paid Labor Hour set forth in Schedule "A" ("the "Management Fee Schedule") attached hereto.

  • See Princeton University ISA, Specifications § 2.1. The Princeton University ISA has an Attachment Facilities Charge in the amount of $126,000 which consists of $87,000 in Direct Labor costs, $17,000 in Direct Material costs, $18,000 in Indirect Labor costs and $4,000 in Indirect Material costs.

  • MANUFACTURING AND PURCHASE AGREEMENT Overhead Cost means the Indirect Labor, Facilities and Depreciation Costs attributed to a Product by BUYER Scrap means the agreed scrap rate, net of salvage/rework value Variable Cost means the Direct Materials, Direct Labor, Scrap and Consumables attributed to a Product by BUYER Pricing Model Pricing shall be determined and adjusted as set forth herein.

Related to Indirect Labor

  • Indirect cost means those costs incurred for a common or joint purpose benefitting more than one cost objective, and not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. Indirect Costs represent the expenses of doing business that are not readily identified with the Grant Project responsive to this RFA but are necessary for the general operation of the organization and the conduct of activities it performs.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.