Unit of Work definition

Unit of Work and “Unit” means a unit of work described as such in Paragraph 1.3;

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Unit of Work conversion unit for different exploratory works used for the purpose of assessing implementation of the Minimum Exploration Program provided for in Annex II.

Unit of Work means the unit agreed on as being the basis for payment of an employee employed under a contract for piece-rate work.

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.
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.
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.
Buyer and Company shall promptly advise the other party of any change or event having, or which would reasonably be expected to have, a Material Adverse Effect with respect to it or which it believes would reasonably be expected to, cause or constitute a material breach of any of its representations, warranties or covenants contained herein.
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.
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.
A Usable Unit of Work is a deliverable that allows the next phase of a project to begin or results in a facility or airport infrastructure that can be utilized for its intended purpose.
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 Method – The consultant will be paid a total fee in the amount of the number of PennDOT accepted Units of Work times the Unit Price or Prices set forth in the Agreement.

More Definitions of Unit of Work

Unit of Work conversion unit for different exploratory works used for the purposes of measuring the implementation of the Minimum Exploratory Program laid down in Annex II. The purpose of this contract is: the implementation, in the Concession Area, of Exploration Operations involved in the Minimum Exploratory Program or additional to it; in the event of Discovery, at the discretion of the Concessionaire, the implementation of Discovery Assessment activities in the terms of a Discovery Assessment Plan approved by ANP; If the Discovery is found as commercial by the Concessionaire, the production of Oil and Natural Gas in the Concession Area in accordance with a development plan approved by ANP. The Concessionaire will exclusively always bear all the costs and risks related to the implementation of operations and its consequences. The Concessionaire must bear all losses it may incur, including those resulting from unforeseen circumstances or force majeure and accidents or events of nature that affect the Oil and Natural Gas Exploration and Production in the Concession Area. The Concessionaire will not be entitled to any payment, compensation, refund, reimbursement or compensation in the event of failure or absence of commerciality of any Discoveries in the Concession Area. The Concessionaire will be the only responsible party civilly liable for its own actions and those of its employees and subcontractors, as well as the repair of any damage caused by operations and its execution, regardless of fault. The Federal Government and ANP should be compensated in the burden they will endure as a result of any demands motivated by acts of responsibility of the Concessionaire, who will assume that reparation. The Federal Government and ANP will not assume any risk or operating losses, nor respond to costs, investments and damage associated with the execution of operations and its consequences. The deposits of Petroleum and Natural Gas existing in the national territory, on the continental shelf and in the exclusive economic zone belong to the Federal Government, in accordance with article 20, section V and IX of the Federal Constitution and article 3 of Law no. 9,478/97. The Dealer will have the sole ownership of the Oil and Natural Gas that may be effectively produced and conferred to it on the Production Measuring Point by means of original acquisition and in accordance with this Contract. The Concessionaire will be subject to charges for taxes and the governmental shares detai...