Cost of labor definition

Cost of labor means the proportion of the wages that will actually be or would have actually been paid to or received by such laborers, mechanics, and workmen and the proportion of the premiums that would actually be or would have actually been paid for worker's compensation insurance or longshoremen's and harbor workers' insurance upon the basis of such wages.
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Cost of labor means the proportion of the wages that will actually be or would have actually been paid to or received by such laborers, mechanics, and workmen and the proportion of the premiums that would actually be or would have actually been paid for workman’s compensation, insurance, social security, unemployed or any other fringe benefit required by an agreement or customary to the trade upon the basis of such wages.
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Cost of labor as used in MCL 205.93a(1)(g) means the cost of “direct labor” as outlined in Section III of this RAB. The cost of labor does not include payments made for shipping assembly, loading and unloading or otherwise transporting the product to the job site.
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Examples of Cost of labor in a sentence

  • WARRANTY LIMITATIONS & EXCLUSIONS • Cost of labor for repair or replacement of a defective part or accessory • Travel costs including but not limited to airline tickets, accommodation and living expenses of SEAKEEPER, INC., technicians or a DEALER, unless otherwise specified and authorized by SEAKEEPER, INC.

  • Cost of labor and materials to perform the repairs is an extra charge and shall be paid by ▇▇▇▇▇▇▇.

  • Cost of labor differences will be the foundation for the locality pay system, but adjustments to the cost of labor index will then be made, as described below, for localities where cost of living differences are significantly greater than cost of labor differences.

  • The Cost of labor for design and engineering services, whether provided by Contractor or a Subcontractor of the Contractor will be agreed to pursuant to the process stated in this Article 9, above, including without limitation any Subcontractor markup.

  • Cost of labor, including social security, old age and unemployment insurance, fringe benefits required by agreement or custom; workers; or workmen's compensation insurance.

  • Cost of labor and materials to install new single-phase or three- phase underground services.

  • Cost of labor (show actual total hourly rate multiplied by actual hours spent on changed work).

  • Cost of labor and materials to install new single-phase or three- phase transformers or three-phase transformer banks for new services.

  • Cost of labor and equipment used for the minor repair is included in the routine maintenance task and ESI will be reimbursed only for the cost of materials/parts (including applicable sales tax) based on agreed unit prices without additional markup.

  • Distributor shall arrange and bear the cost of freight and Insurance from Distributor's address to the point of repair, Cost of labor for deinstallation will always be paid by Distributor.


More Definitions of Cost of labor

Cost of labor means the sum total of direct wages paid, payroll taxes required by law, workers’ compensation insurance, holiday, vacation and sick time benefits, health benefits and pension benefits. No other costs, expenses or items shall be included as a direct labor cost.
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