Common use of HOURLY RATE FOR INDIVIDUAL ACTUAL PERSONAL COSTS Clause in Contracts

HOURLY RATE FOR INDIVIDUAL ACTUAL PERSONAL COSTS. It is calculated by dividing the total amount of personnel costs of an employee verified in line with procedure A.1 by the number of annual productive hours verified in line with procedure A.2. The Beneficiary applied [choose one option and delete the other]: [Option I: “Unit costs (hourly rates) were calculated in accordance with the Beneficiary’s usual cost accounting practices”] [Option II: Individual hourly rates were applied] For Option I concerning unit costs: The unit costs re-calculated by the Auditor were the same as the rates applied by the Beneficiary.

HOURLY RATE FOR INDIVIDUAL ACTUAL PERSONAL COSTS. It is calculated by dividing the total amount of personnel costs of an employee verified in line with procedure A.1 by the number of annual productive hours verified in line with procedure A.2. The Beneficiary applied [choose one option and delete the other]: [Option I: “Unit costs (hourly rates) were calculated in accordance with the Beneficiary’s usual cost accounting practices”] [Option II: Individual hourly rates were applied] For Option I concerning unit costs: The unit costs re-calculated by the Auditor were the same as the rates applied by the Beneficiary.]