Pay factor definition

Pay factor means the calculated proportion of the whole payment to be paid to the Contractor subject to conformance with this document.
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Examples of Pay factor in a sentence

  • Pay factor adjustments are based on control sieves and asphalt cement content.

  • TAP = F x B + A x BR x T Where TAP = Total adjusted pay F = Binder Pay factor, (Table 1) B = quantity of binder represented by the test, gal.

  • BP = Bid price per unit.PF = Pay factor (1.00, 0.95, 0.85, or 0.70).

  • The following formula was used in this study to calculate the pay factor: PFac = [BPad + (LCCad – LCCac)]/BPad (6) Where, PFac = Pay factor for as-constructed smoothness level.

  • Statistical results describe the satisfaction level according to Pay The Pay factor is considered to have the highest level of satisfaction among the remaining factors.

  • In such case and also under paragraph 16.4.4.1, the Contractor will submit in a form prescribed by the Director an itemized cost breakdown together with supporting data 16.4.5 Pay factor adjustments will be adjusted in accordance with details outlined in EXHIBIT H, Special Conditions.

  • Pay factor is “a multiplication factor, often expressed as a percentage, used to determine the contractor’s payment for a unit of work, based on the estimated quality of work.” [9].

  • When the contract specifies a pavement roughness Type I, Type II, or Type III, a separate pay adjustment will be made for pavement roughness calculated as follows: Type I, Type II, or Type III Pay Adjustment = (RF)(PFrough – 1.00)(L) – (LRPR) where:PFrough = Pay factor from Tables 401-3, 401-4, or 401-5.

  • Pay factor evaluations shall occur with each action as defined in the policy: New Hire, Reinstatement, Promotion, Reassignment, Reallocation, Demotion, Grade-Band Transfer, Horizontal Transfer, Career Progression Adjustment and Retention Adjustment.

  • It can be seen that the Pay factor has a great impact on employee satisfaction.Benefit policy TABLE XII.

Related to Pay factor

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Note Factor means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable.

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price

  • Pool Factor Means, as of any Distribution Date, the quotient (rounded to the seventh decimal place) computed by dividing (i) the Pool Balance by (ii) the original aggregate face amount of the Applicable Certificates. The Pool Factor as of any Distribution Date shall be computed after giving effect to any special distribution with respect to unused Deposits, payment of principal of the Equipment Notes or other Trust Property and the distribution thereof to be made on that date.

  • Stress Factor means 2.25.