Examples of Unit of Work in a sentence
The percentage of the total lump sum fee that represents the ratio of Work completed to the total amount of Work; Cost Plus Fixed Fee Contracts: Incurred cost of actual Work performed plus a percentage of the fixed fee that represents the ratio of Work completed to the total amount of Work; Specific Rate of Compensation Contract: Incurred cost of actual Work performed; Per Unit of Work Contract: The cost of each completed unit of Work and/or a percentage of each partially completed unit of Work.
The percentage of the total lump sum fee that represents the ratio of Work completed to the total amount of Work; Specific Rate of Compensation Contract: Incurred cost of actual Work performed; Per Unit of Work Contract: The cost of each completed unit of Work and/or a percentage of each partially completed unit of Work.
Unit of Work Rates shall be paid for each unit of work in which the equipment participates, and the amount of rental shall, unless otherwise agreed in writing be determined by the number of units shown in the supervising engineer’s or architect’s estimates.
A prime consultant is required to have an audited FAR overhead rate on file with PennDOT prior to submitting a price proposal using Lump Sum, Cost per Unit of Work, or Specific Rate of Compensation methods of payment.
For an agreement where the estimated direct plus indirect payroll cost for the subconsultant is more than $250,000, a subconsultant is required to have an audited FAR overhead rate on file with PennDOT prior to submitting a price proposal using Lump Sum, Cost per Unit of Work, or Specific Rate of Compensation methods of payment.
The owner agrees to pay the consultant as compensation for professional services furnished under Section B and in accordance with the “General Provisions,” a lump sum for each unit of work performed as follows: Unit of Work Time (Calendar Days) Fee (Lump Sum) a.
The Cost per Unit of Work Method is used when the SOW is well-defined, the consulting effort per unit can be estimated accurately, and there are a repetitive number of similar units to be performed.
Cost Per Unit of Work Payment - The consultant shall follow the same provisions as for the Lump Sum payment above for each Unit of Work to establish the interim progress percentage.
Exhibit A-1 Supplement CLIENT: Grant County PROJECT: 2023 Gravel Roads Upgrades Prioritization Consultant Fee Determination - Cost Per Unit of Work 5/17/2023 Estimated Hours JJC Principal Engineer Tech.
The four methods are Lump Sum Compensation, Costs Plus a Net Fee Compensation, Rate of Pay Compensation and Unit of Work Compensation, all as defined in Chapter 1 of the Specifications.