FBLC definition

FBLC means the cost for labor services that is billed to Authority that includes all of the elements listed in Article 4
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FBLC means the cost for labor services that Contractor bills to Authority, including all of the elements listed in Section 6.2.1.
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Examples of FBLC in a sentence

  • FBLC shall include costs for insurance, vacation, holiday, other paid absences, disability, sickness, health, welfare and dental coverage, life insurance and travel insurance and worker’s compensation, employee savings, and investment plans, pension costs accrued and other employee benefits paid by Contractor.

  • The Authority shall compensate the Contractor for labor for Services performed under this Agreement using the FBLC set forth at Appendix E.

  • Adjustments will be made to the Direct Labor rate portion of the FBLC rates only.

  • Authority’s maximum cumulative payment obligation under this agreement shall not exceed twenty five Million Dollars ($25,000,000) for the base three year period and a two year option and will be based on the rates established in Contractor’s pricing schedules for the FBLC and Direct Costs, using actual and fixed unit rates, as set forth in detail at Appendix E, attached hereto.

  • Personnel to operate equipment shall be invoiced under the FBLC for the category of employee assigned to the work.

  • For Contractor’s full and complete performance of its obligations under this Agreement, the Authority shall pay Contractor at the Fully Burdened Labor Costs (FBLC), plus any direct costs as provided in (Appendix E) in accordance with the provisions of this Article, and subject to the maximum cumulative payment obligation set forth in this Article.

  • Personnel to operate equipment shall be invoiced at the FBLC for the category of employee assigned to the work.

  • Contractor must provide with its invoice a summary report broken down by job category, employee name and project number, indicating straight time, overtime and double time hours worked at the appropriate FBLC rates for the billing period.

  • Any lease or utility payments for such leased office or storage space shall be included in the FBLC and not billed as a Direct Cost.

  • The FBLC for the project that has been agreed upon between Authority and Contractor under this Agreement.