Fully Burdened Labor Rate definition

Fully Burdened Labor Rate means the annually negotiated hourly rates at which Contractor will ▇▇▇▇ ACTA for labor costs incurred in connection with Rail Corridor Services and/or Non-Rail Component Services performed under an Approved Maintenance Plan. Each Approved Maintenance Plan shall set forth the agreed to Fully Burdened Labor Rate for each Contractor job classification. For the first Contract Year, such rates and classifications will be those contained in the Approved Maintenance Plan effective on the Commencement Date (Exhibit 3). The Fully Burdened Labor Rate shall include the applicable hourly rate or salary (expressed as an hourly rate) subject to minimum prevailing wage requirements which the Contractor pays an employee in such job classification, all of Contractor’s markups for overhead (including fringe benefits and bonuses), profit on labor, Local Administrative and Office Support Costs, and Safety Equipment Costs. The Fully Burdened Labor Rate shall be an all-inclusive rate and Contractor shall not be permitted to charge any other amount for the labor of its employees.
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Fully Burdened Labor Rate means the agreed to hourly rate at which Contractor will ▇▇▇▇ ACTA for labor costs incurred in connection with Rail Corridor Services and/or Non-Rail Component Services performed under an Approved Maintenance Plan. Each Approved Maintenance Plan shall set forth the agreed to Fully Burdened Labor Rate for each Contractor job classification. For the first Contract Year, such rates and classifications will be those contained in the Amended Approved Maintenance Plan effective on or about January 1, 2018. The Fully Burdened Labor Rate shall include the applicable hourly rate or salary (expressed as an hourly rate) which the Contractor pays an employee in such job classification, all of Contractor’s markups for overhead (including fringe benefits and bonuses), and profit on labor. The Fully Burdened Labor Rate shall be an all-inclusive rate and Contractor shall not be permitted to charge any other amount for the labor of its employees.
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Examples of Fully Burdened Labor Rate in a sentence

  • The Fully Burdened Labor Rate attributable to each of Contractor’s employee job classifications which will be allocated, in whole or in part, to perform Rail Corridor Services and/or Non-Rail Component Services must be specified in the Approved Maintenance Plan.

  • This would be the total labor costs (the sum of both the prime and all subcontractors) costs for that labor category divided by the total number of labor hours for that category to arrive at the average (composite) Fully Burdened Labor Rate per Hour.

  • Composite Proposed Fully Burdened Rate, Years 1 - 5 The average Fully Burdened Labor Rate per Hour is entered in the above table as proposed for each labor category during the applicable performance year (1-5) of the ordering period.

  • Mileage Per IRS Rate Per IRS Rate Per IRS Rate Fully Burdened Labor Rate (Hourly) Fully Burdened Labor Rate (Hourly} $49.33 If contract is renewed by the Governing Board after the initial contract term, rate increases, if any, will be negotiated at that time.

  • The CTO shall utilize the Fully Burdened Labor Rate and other standard unit costs and prices used in the then-effective Approved Maintenance Plan.