Direct Personnel Expense definition

Direct Personnel Expense means the portion of direct salaries and wages of all personnel of the A/E or any Consultants, as applicable, including professional, technical, management, administrative and clerical employees, and principals engaged on the Project related to their time devoted to the Project and the portion of the cost of their mandatory and customary contributions and benefits related thereto such as employment taxes and other statutory employee benefits, social security contributions, insurance, sick leave, holidays, vacations, pensions, profit sharing, and similar benefits related to their time devoted to the Project.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Direct Personnel Expense means the portion of direct salaries and wages of all personnel of the CM or any Consultants, as applicable, including professional, technical, management, administrative and clerical employees, and principals engaged on the Project related to their time devoted to the Project and the portion of the cost of their mandatory and customary contributions and benefits related thereto such as employment taxes and other statutory employee benefits, social security contributions, insurance, sick leave, holidays, vacations, pensions, profit sharing, and similar benefits related to their time devoted to the Project.

Direct Personnel Expense means the actual cost of the individual to the company, which may not exceed one hundred thirty nine percent (139%) of the individual’s base salary. “Direct Personnel Expense” includes the cost of the individual’s base salary and of mandatory and customary benefits such as statutory employee benefits, insurance, sick leave, holidays and vacations, pensions, and similar benefits.

Examples of Direct Personnel Expense in a sentence

Design Professional shall make available to Owner or Owner's authorized representative records of Reimbursable Expenses and expenses pertaining to Additional Services and services performed on the basis of a multiple of Direct Personnel Expense for inspection and copying during regular business hours for three years after the date of the final Certificate of Payment, or until any litigation related to the Project is final, whichever date is later.
Such Direct Personnel Expense shall be evidenced by time records certified by the Consultant.
Direct Personnel Expense shall be evidenced by time records certified by the CM.
If compensation is based on a multiple of Direct Personnel Expense, “Direct Personnel Expense” shall mean the direct salaries of the Construction Manager’s personnel engaged in the Project and the portion of the cost of their mandatory and customary contributions and benefits related thereto, such as employment taxes and other statutory employee benefits, insurance, sick leave, holidays, vacations, pensions and similar contributions and benefits.
Direct Personnel Expense shall be defined as direct salary cost of the technical personnel engaged on the project (actual hourly salary paid).
Where a mutually agreeable Cost Plus with a Guaranteed Maximum based on Direct Personnel Expense cannot be arrived at, the Owner may secure services from an independent source or from the Owner’s resources.
Direct Personnel Expense shall be evidenced by time records certified by the Consultant.
In all events, the Owner shall pay the CM Direct Personnel Expense of $«insert amount of Direct Personnel Expense», which shall not be exceeded without the prior written approval of the Contracting Authority and the Owner and an amendment to this Agreement.
Such Direct Personnel Expense shall be evidenced by time records certified by the CM.
Employees' time (other than Principals) at a multiple of one and nine-tenths (1.9) times the employees' Direct Personnel Expense.

More Definitions of Direct Personnel Expense

Direct Personnel Expense means the salary of the Architect’s, Architect’s employees or the Architect’s Sub-consultants, or personnel engaged on the Project and all overtime charges authorized in advance by Manitoba Housing, plus the cost of mandatory and customary contributions and employee benefits including employment taxes and other statutory benefits, insurance, sick leave, holidays, vacations, pensions and similar contributions and benefits.

Direct Personnel Expense means with respect to any work being performed by the Operator's own employees (whether paid on an hourly basis or otherwise), the cost, determined on an hourly basis, of all wages and benefits paid to such employees.

Direct Personnel Expense. As defined in Section 11.7(i).

Direct Personnel Expense means the actual cost of the employee to the company, which may not exceed 139% of the employee’s base salary. Direct Personnel Expense includes the cost of the employee’s base salary and of mandatory and customary benefits such as statutory employee benefits, insurance, sick leave, holidays and vacations, pensions, and similar benefits. Reimburse the Consultant for the services of his consultant, if required, and as described in a Task Order An amount not to exceed 1.20 times the amount billed to the Consultant provided such services are approved in writing, in advance, by the State. Reimburse the Consultant the actual verified cost of reproduction of drawings and specifications, computer services, renderings and models and special supplies ordered by the State. Procurements shall be made on a competitive basis, when practical Actual verified costs. Reimburse the Consultant for the services of third party consultants for services as described in a Task Order An amount not to exceed 1.20 times the amount billed to the provided such services are competitively bid and approved in writing, in advance, by the State.