Overhead definition

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

• A Change Order is a written amendment to the Contract prepared in accordance with GC 6.2 – CHANGE ORDER by the Consultant and signed by the Owner and the Contractor stating their agreement upon: − a Change in the Scope of the Work; − the method of adjustment or the amount of the adjustment in the Overhead and Profit Fee, if any; − the method of adjustment or the amount of the adjustment in the Guaranteed Price; and − the extent of the adjustment in the Contract Time, if any.

• Indirect Costs shall be the Overhead Rate identified in Exhibit B, Cost Summary for the firm multiplied by the Direct Labor Rates for every allowable hour worked on the project and billed by the individual.

• The contractor will provide three prices to establish the average bare cost for each item and add in the Overhead and Profit (OH/P) based upon the contractors coefficient.

• The following conference facilities are available upon request: • Audio-visual equipment • Translation systems • Access to the Internet • Laser pointer • Flipcharts • Copier • Air conditioning • Video TV screen • Diascopic projector • Overhead projectors • Slide projectors • Microphones conventional and wireless • Secretarial support (upon request) Detailed description of each room can be provided upon request.

• SECTION 1 Overhead shall be limited to the actual audited overhead rates.

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. [HRS 238-1].

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.