Overhead means those amounts which are intended to recover a proportion of the Supplier’s or the Key Sub-Contractor’s (as the context requires) indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Supplier Personnel and accordingly included within limb (a) of the definition of “Costs”;
Overhead means all costs associated with management, supervision, insurance, as-built preparation and warranty, administration and supervision at the Place of Work (including the provision of and maintaining office coordination, office costs, supervision, site trailer, telephone service, and long-distance charges) courier, permits, insurance and small tools and general office supplies as required for the performance of the Work.”
Overhead means the percentage which the Contractor may add to the cost of personnel, equipment and materials supplied on a force account basis and shall include head office overhead, project management, bonding, insurance, site office accommodations, site supervision, clerical and all other expenses incurred by the Contractor in relation to the Work.
Examples of Overhead in a sentence
Overhead and contractor's fee percentages shall be considered to include insurance other than mentioned herein, field and office supervisors and assistants, security police, use of small tools, incidental job burdens, and general home office expenses and no separate allowance will be made therefore.
Indirect Costs (IDC)These costs include what are generally referred to as 1) Fringe Benefits and 2) Overhead (including direct and indirect costs of Indirect Labor).
Overhead expenses are the firm’s business costs that are not directly related to the execution of the assignment and shall not be reimbursed as separate items under the contract.
Overhead and profit shall be shown separately for each subcontractor and the Contractor.
No additional charges will be acceptableMaterial Cost Overhead Fee$0-500 No Fee$501-750 $75.00$751-1000 $100.00$1001-1500 $125.00$1501-$2500 $180.00$2501-5000 $300.00$5001-7500 $450.00Over 7501.
More Definitions of Overhead
Overhead means the cost of administration, field office and home office costs (including extended costs), general superintendence, office engineering and estimating costs, other required insurance, materials used in temporary structures (not including form work), additional premiums on the performance and payment bonds of the Contractor, the use of small tools, scheduling costs, cumulative impact costs and all other costs incidental to the performance of a change in the Work or to the cost of doing business. Small tools are defined as any tool with a replacement value less than $1,000.
Overhead means any necessary costs and expenses which are incurred in the performance of the Work excluding “labor”, “materials,” “labor burden,” and construction equipment”.
Overhead means continuous or general costs occurring in the normal course of business, including but not limited to costs for labor, rent, taxes, royalties, interest, discounts paid, insurance, bonds, lighting, heating, cooling, accounting, legal fees, equipment and facilities, telephone systems, depreciation, and amortization.
Overhead means those amounts which are intended to recover a proportion of the Service Provider’s indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Service Provider Representatives and accordingly included within limb (a) of the definition of “Costs”.
Overhead means (a) payroll costs and other compensation of the Construction Manager’s employees in the Construction Manager's principal and branch offices including but not limited to, estimators, project managers, assistant project managers, and project engineers; (b) general and administrative expenses of the Construction Manager's principal and branch offices including charges against the Construction Manager for delinquent payments, and (c) costs related to the correction of defective work; and (c) the Construction Manager's capital expenses, including interest on capital used for the Work.
Overhead means the Authority’s ongoing necessary administrative costs (such as system site/facility rent, office rent, utilities, office supplies, and insurance) which are not separately budgeted as part of a specific project, program, or service.
Overhead means any necessary costs and expenses incurred in the performance of the Work excluding “labor,” “materials,” and “equipment” as defined above.