Direct Salary Expense definition
Examples of Direct Salary Expense in a sentence
Records of Construction Manager’s costs, Reimbursable Expenses, expenses pertaining to Additional Pre-Construction Phase Services, and services performed on the basis of a Worker Wage Rate, Direct Salary Expense or Monthly Salary Rate (individually and collectively “Project Financial Records”) shall be kept on the basis of generally accepted accounting principles and in accordance with cost accounting standards promulgated by the Federal Office of Management and Budget Cost Accounting Standards Board.
Compensation by the hour for time expended at an amount not to exceed 2.75 times the Direct Salary Expense for each person performing services.
Cost and expense of transportation and living (not including Direct Salary Expense) approved by the OWNER in writing when traveling in connection with the Project over and above such expenses required to perform basic services.
Direct Salary Expense (“DSE”) is defined as the actual salaries of the Architect’s personnel directly engaged on the Project, expressed on an hourly wage basis prior to deductions for employment taxes and employee-paid benefits.
Payments to the ARCHITECT for Basic Services shall be made monthly in proportion to services performed so that the compensation at the completion of each Phase, except when the compensation is on the basis of Direct Salary Expense, shall equal the following percentages of the total Compensation: Phase I - Preliminary Site Planning and Schematic Design Phase 15% Phase II - Design Development Phase.
Direct Salary Expense (“DSE”) is defined as the actual salaries of the PSP’s personnel directly engaged on the Project, expressed on an hourly wage basis prior to deductions for employment taxes and employee-paid benefits.
Payments to the ARCHITECT/ENGINEER for Basic Services shall be made monthly in proportion to services performed so that the compensation at the completion of each Phase, except when the compensation is on the basis of Direct Salary Expense, shall equal the following percentages of the total Compensation: Phase I - Preliminary Site Planning and Schematic Design Phase 15% Phase II - Design Development Phase.
Direct Salary Expense (“DSE”) shall mean the actual salaries paid by Service Provider to its employees, expressed on an hourly wage basis, prior to deductions for employment taxes (such as FICA, Medicare, income tax withholding) and employee-paid benefits, of all personnel, including Service Provider’s employees directly engaged on a Project (and performing consultations or research or preparing designs, drawings, and specifications for the Project).
Employee Estimated Employer’s Monthly Contributions Monthly Salary Rate Title Employee Name Estimated Monthly Direct Salary Expense Federal & State Unemployment (Less than 1%) Social Security & Medicare (Less than 7.65%) Worker’s Compensation Health & Insurance Pension / 401(k) Note 1 Vacation / Holiday Computer Hardware, Software & Services $1.75/hr straight time Note 2 1.
Employee Estimated Employer’s Monthly Contributions Monthly Salary Rate Name and Title Estimated Monthly Direct Salary Expense Federal & State Unemployment (Less than 1%) Social Security & Medicare (Less than 7.65%) Worker’s Compensation ($0 for ROCIP) Health & Insurance Pension / 401(k) Vacation / Holiday 1.