General Overhead definition

General Overhead means a percentage of Direct Salaries paid to the CONSULTANT’s and subconsultant’s respective employees on all projects necessary to cover those indirect general and administrative costs incurred by the CONSULTANT or its subconsultants during the period of performance of services. General Overhead will not change for the life of this AGREEMENT, except as otherwise provided under the Changes to Standard Form Agreement section of this AGREEMENT.
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General Overhead means all overhead of LYNX, but excluding Line of Business Overhead.
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General Overhead means overhead, expressed as a percentage, which represents the proportion of each department's budget that is attributable to administration.
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Examples of General Overhead in a sentence

  • Costs that will not be deducted from the Gross Profit Calculations for Royalty payments are General Overhead, Managers Salaries, Travel Expenses, Office Rent, Accounting Fees, Legal Fees, Distributions, Meals and Entertainment, Auto Expenses, and Phone Expenses.

  • Vastera agrees to pay Ford a per-employee Standard Monthly General Overhead Expense in an amount equal to * of each Transferred Employee's base monthly salary during such period with respect to any Transferred Employee who occupies Ford owned or leased facilities.

  • Additional vertical clearance may be required for items beyond those shown in the General Overhead Structure on Plan No. 711100, sheet 1.

  • Direct Job and On Site Job Staff* Costs Direct Cost of the Work Contractor General Conditions Costs Contractor Home Office, other General Overhead & Fee/Profit Owner Costs Notes 1 Project Manager X 2 Project Superintendent X 3 Second or Assistant Superintendent(s) X** 4 Project or Field Engineer X** 5 Job site clerk/typist if >50% time on site.

  • Indirect and General Overhead (i.e., indirect overhead) charges are not an allowable expense for reimbursement.

  • If there are no funds allocated to the General Overhead and MIF Expenses category of Borrowers' budget at the time of Borrowers' request for an advance for such items, than Borrowers shall not be entitled to receive such disbursement, and Borrowers must pay for such items from their own funds.

  • General Overhead Rate 2.094 Fringe Benefit Rate 1.270 Fringe + General Overhead Rate 2.659 Salary + Fringe + General Overhead Rate 2.659 Profit Margin 0.266 Total Overhead Rate 2.925 This is to certify that the above information is accurate as of May 18, 2018.

  • Following the assignment detailed in paragraph 3.D., the General Overhead Cost Expense Category shall be assigned to each other Expense Category by adding to each such Expense Category the result of multiplying (x) the ratio of (i) the dollar amount of such Expense Category divided by (ii) the total dollar amount of all Annex I - 16 Expense Categories other than the General Overhead Cost Expense Category, by (y) the dollar amount of the General Overhead Cost Expense Category.

  • The expenses referred to in the last sentence shall include expenses incurred by Prime Contractor for furnishing materials, labor and/or equipment for finishing the Subcontract Work, attorneys’ fees, and any damages sustained by Prime Contractor by reason of Subcontractor’s default, plus a markup of 15% General Overhead and 10% profit on any and all of such expenses, and Prime Contractor shall have a lien upon all materials, tools, and appliances taken possession of to secure payment by Subcontractor.

  • If subsequent closings of Lot sales result in the allocation of additional funds to the General Overhead and MIF Expenses category, Borrowers shall then be entitled to the disbursement by Bank of one (1) previous month's General Overhead and MIF Expenses plus the then-current month (for a maximum of two (2) months).

Related to General Overhead

  • General order means such order as applies generally throughout the state to all persons, employments, places of employment or public buildings, or all persons, employments or places of employment or public buildings of a class under the jurisdiction of the department. All other orders of the department shall be considered special orders.

  • General Conditions Cost means costs incurred and minor work performed by Contractor without the need for competitive bids/proposals. The allowable General Conditions items are limited in Paragraph 11.1 and are further described on Exhibit “D”. The maximum allowable General Conditions Cost payable to Contractor during the Construction Phase of the Project is set out in Exhibit “A” attached to this Agreement.

  • Overhead means those amounts which are intended to recover a proportion of the Supplier’s or the Key Sub-Contractor’s (as the context requires) indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Supplier Personnel and accordingly included within limb (a) of the definition of “Costs”;

  • Natural outlet means any outlet into a watercourse, pond, ditch, lake, or other body of surface or groundwater.

  • Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a distribution main extension or service line that are in excess of costs paid by the utility. The amount of tax shall be reduced by the present value of the tax benefits to be obtained by depreciating the property in determining the tax liability.