Cost of Labour definition

Cost of Labour means the amount of wages, salary and Payroll Burden paid or incurred directly by the Contractor to the extent actively and necessarily engaged in carrying out the Change in the Work based on the recorded time and hourly rates of pay for labour, but shall not include any payment or costs incurred for general supervision, administration or management time spent on carrying out the Change in the Work or any wages, salary or Payroll Burden for which the Contractor is compensated by any payment made by the Town for equipment. The Contractor shall be compensated for the Cost of Labour as follows:
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Cost of Labour means the amount of wages and payroll burden paid or incurred directly by the Contractor for or in respect of the labour forces and for or in respect of supervision by foreman actively and necessarily engaged on the Work. Costs will be based on the recorded time and hourly rates of pay for such labour and supervision, but shall not include any payment or costs incurred for general supervision, administration or management or any wages, or payroll burden for which the Contractor is compensated by any payment made by the City for equipment.
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Cost of Labour means, in respect of all Personnel in the direct employ of the Contractor for labour and supervision actively and necessarily engaged on the T&M Change in the Work, the aggregate product of (.1) the number of hours as recorded in the Daily Contractor Work Records for each such Personnel and (.2) the applicable hourly rate for such Personnel based on the wages, salary and Payroll Burden paid or incurred directly by the Contractor. The Contractor acknowledges that the Cost of Labour (including such hourly rate) shall be subject to audit and verification by the Owner in accordance with GC 2.6 – CONTRACTOR RECORDS and adjustment as appropriate. The Cost of Labour shall not include any costs incurred, and the Contractor shall not be paid, for: general supervision, administration and management time unless the T&M Change in the Work results in an extension of the Contract Time; or any wages, salary or Payroll Burden for which the Contractor is compensated by any payment made by the Owner for Equipment.
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Examples of Cost of Labour in a sentence

  • Cost of Labour in respect of wages remuneration for staff: Total Cost of Labour per month R… per month 2.

  • Cost of Labour in respect of wages remuneration for staff: Total cost of labour per month R… per month 2.

  • Cost of Labour Turnover:The chief aim of the preventive costs which are incurred in order to keep the workers satisfied and reduce the labour turnover rate as much as possible.

  • C7.7 Cost of Labour Relations MeetingsThe parties agree that efforts will be made to minimize costs related to the committee.

  • The contents of Act No. 196/1997 reflect a previous agreement be- tween the Government and the social parties (see the Employment Pact of 24 Septem- ber 1996 and the previous Agreement of the Cost of Labour of 23 July 1993).

  • The construction work of the Idukki project was much pompously inaugurated by the then chief minister, EMS Namboothiripad, on 10 February 1966; and the very next day started a labour strike, that finally culminated in the death of two The Cost of Labour Militancy There are two distressing examples from the recent history of power development in Kerala of the damages caused to the overall power and economic development of the State by the irrational behaviour of organised militant labour.

  • The cost of the work (Cost of Labour, Materials and Equipment), is determined by Louth County Council and includes VAT.

  • The Contractor shall be entitled to increase the total Cost of Labour for any work performed on a time and material basis by the agreed upon percentage for labour profit and overhead.

  • Labour Turnover – concept, causes, Measurement & Cost of Labour Turnover.

  • Price Bid format will capture applicable tax automatically.NOT TO BE QUOTED HERENOT TO BE QUOTED HERE2Monthly Variable Charges (Rs. per KL): These shall include expenses towards Cost of Labour (As per Minimum wages rates for Scheduled Employment of “Building & Construction” and consequential statutory benefits viz.


More Definitions of Cost of Labour

Cost of Labour means the amount of wages, salary and payroll burden paid or incurred directly by the Contractor to or in respect of labour and supervision by foremen actively and necessarily engaged on the extra work based on the recorded time and hourly rates of pay for such labour and supervision, but shall not include any payment or costs incurred for general supervision, administration or management time spent on the entire work or any wages, salary or payroll burden for which the
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Cost of Labour means the amount of wages, salary, and payroll burden paid or incurred directly by Contractor to or in respect of labour and supervision by fore-men actively and necessarily engaged on the extra work based on recorded time and hourly rates of such labour and supervision.
Sample 1

Related to Cost of Labour

  • Effective State average tax rate means the average of effective county tax rates for all counties.

  • Cost of Goods means the fully burdened cost to manufacture Compound or Drug Product, as applicable, (the “Supplied Product”) which means: (a) [ * ]; and (b) in the case of [ * ]. Actual unit costs shall consist of [ * ].

  • Forced Labor means knowingly providing or obtaining the labor or services of a person-

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • National Cost of Funds Index The National Monthly Median Cost of Funds Ratio to SAIF-Insured Institutions published by the Office of Thrift Supervision.

  • Adjusted LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.

  • HICP Daily Inflation Reference Index means (i) in relation to the first day of any given calendar month, the HICP Monthly Reference Index of the third calendar month preceding such month, and (ii) in relation to a day D (other than the first day) in any given month ("M"), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third calendar month preceding such month ("M – 3") and the second calendar month preceding such month ("M – 2") calculated in accordance with the following formula:

  • Forced labor or services means labor or services that are performed or provided by another person and are obtained or maintained through coercion.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • CPI-W is defined as the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-1984+100) as published by the United States Department of Labor, Bureau of Labor Statistics.

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Adjusted LIBOR means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following formula: Adjusted LIBOR = LIBOR

  • Cost of Goods Sold means [***].

  • LIBO Rate means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.