Direct Rates Clause Samples

Direct Rates. The proposal shall set forth a complete breakdown of the direct and indirect rates by category and the rationale thereof. The Offeror shall provide the burdened rate build-up for each labor category to include (Fringe, Overhead, Other Indirect(s), General and Administrative (G&A) and Profit) and shall be IAW the Offeror’s provided Disclosure Statement or Established Practices Documentation. A separate rate build-up shall be included for each labor category provided for the base and each out year. Provisions for overtime and shift differential charges shall be clearly addressed on a per-hour basis. Bid codes (applicable codes used to identify a labor category in the offerors accounting system), employee names and/or other documentation (such as assigned letter of commitment for personnel not currently employed by the offeror) to support the rates proposed shall be provided. Letters of commitment shall clearly identify the prospective employees’ agreed-to salary/hourly rate and other pertinent conditions of employment. The same detailed support data shall be furnished for all major subcontractors. The Government will accept sealed subcontractors packages in the proposal. L.6.7.1 Direct labor rates shall identify the baseline (takeoff point) plus projected escalation for each year of the ordering period, and the methodology for computing composite labor rates shall be shown. For example: 3 months of FY22 + 9 months of FY23 divided by 12 = the average labor rates for the contractual period of performance. The offeror and each subcontractor shall clearly state their fiscal year. Offerors are advised that projected escalation must be applied to both exempt and non-exempt labor categories. L.6.7.2 Direct labor hours and rates shall be delineated by labor category by contract year for the offeror and each subcontractor. The labor hour delineation must be directly traceable to the same information proposed in the Technical Volume - 1. The Offeror and major subcontractors shall submit its actual average rates for the 2018, 2019 and 2020 contractor fiscal years, for each and every labor category proposed. If no actual average direct rate exists, the Offeror shall provide the methodology and source references it utilized to develop the proposed direct labor rate. L.6.7.3 The Offeror and its major subcontractors shall provide the following information according to the following order of preference as supporting information to enable the Government’s evaluation. Current...
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Direct Rates. The proposal shall set forth a complete breakdown of the direct and indirect rates by category and the rationale thereof. The Offeror shall provide the burdened rate build-up for each labor category to include (Fringe, Overhead, Other Indirect(s), General & Administrative (G&A) and Profit) and shall be IAW the Offeror’s provided Disclosure Statement or Established Practices Documentation. A separate rate build-up shall be included for each labor category provided for the base and each out year. Provisions for overtime and shift differential charges shall be clearly addressed on a per-hour basis. Bid codes (applicable codes used to identify a labor category in the offerors accounting system), employee names and/or other documentation (such as assigned letter of commitment for personnel not currently employed by the offeror) to support the rates proposed shall be provided. Letters of commitment shall clearly identify the prospective employees’ agreed-to salary/hourly rate and other pertinent conditions of employment. The same detailed support data shall be furnished for all major subcontractors. A major subcontractor is defined as those subcontractors who will be providing critical services or whose subcontract is expected to exceed ten (10) percent of the total proposed contract price. The Government will accept sealed subcontractors packages in the proposal. L.7.7.1 Direct labor rates shall identify the baseline (takeoff point) plus projected escalation for each basic and option period, and the methodology for computing composite labor rates shall be shown. For example: 3 months of FY18 + 9 months of FY19 divided by 12 = the average labor rates for the contractual period of performance. The offeror and each subcontractor shall clearly state their fiscal year. Offerors are advised that projected escalation must be applied to both exempt and non-exempt labor categories. The direct labor rates, escalation factors, indirect rates, and fully burdened labor rates (exclusive of profit/fee) for the last year will be used, if required, to extend services if the Option to Extend Services (FAR 52.217-8) is exercised.
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Direct Rates. 4.3.2.1.1 The Offeror should provide the most current direct labor rates, for both the Offeror and the principal subcontractors that are in effect at the time of proposal submission. This includes the current FPRA direct labor rates, the projected direct labor rates assuming award, the current company labor categories, and the mix of company labor categories proposed for this contract. Discuss the application of these rates in the proposal. The Offeror should document the development of any composite direct rates, which represent a combination of company labor categories, functional elements, or calendar year accounts. In addition, the Offeror should submit detailed definitions for each direct labor category and include the basis for any projected annual increases and any other factors. Direct labor categories may include, but are not limited to, engineering, maintenance/support, tooling, quality control, manufacturing, and integration.
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Related to Direct Rates

  • Indirect Cost Rates The System Agency may acknowledge an indirect cost rate for Grantees that is utilized for all applicable Grant Agreements. For subrecipients receiving federal funds, indirect cost rates will be determined in accordance with applicable law including, but not limited to, 2 CFR 200.414(f). For recipients receiving state funds, indirect costs will be determined in accordance with applicable law including, but not limited to, TxGMS. Grantees funded with blended federal and state funding will be subject to both state and federal requirements when determining indirect costs. In the event of a conflict between TxGMS and applicable federal law or regulation, the provisions of federal law or regulation will apply. Grantee will provide any necessary financial documents to determine the indirect cost rate in accordance with the Uniform Grant Guidance (UGG) and TxGMS.

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • Contract Rate Subject to Sections 2.2 and 3.9, interest payable on the outstanding principal amount of this Note (the “Principal Amount”) shall accrue at a rate per annum equal to the “prime rate” published in The Wall Street Journal from time to time (the “Prime Rate”), plus two percent (2%) (the “Contract Rate”). The Contract Rate shall be increased or decreased as the case may be for each increase or decrease in the Prime Rate in an amount equal to such increase or decrease in the Prime Rate; each change to be effective as of the day of the change in the Prime Rate. The Contract Rate shall not at any time be less than eight percent (8%). Interest shall be (i) calculated on the basis of a 360 day year, and (ii) payable monthly, in arrears, commencing on March 1, 2008, on the first business day of each consecutive calendar month thereafter through and including the Maturity Date, and on the Maturity Date, whether by acceleration or otherwise.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • PREVAILING WAGE RATES The contractor shall comply with prevailing wage rates as defined by the United States Department of Labor ▇▇▇▇▇-▇▇▇▇▇ Wage Determination at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/whd/contracts/dbra.htm and at the Wage Determinations website ▇▇▇.▇▇▇▇.▇▇▇ for ▇▇▇▇▇▇ County, Texas (WD-2509).