Indirect Labor definition

Indirect Labor means the actual costs for all indirect support for Products including without limitation engineering, purchasing, maintenance, quality, planning, purchasing, etc. Where allocation assumptions are required, Indirect Labor costs will be allocated to Product families based upon their actual support and requirements and to Products within a Product family on the basis of Direct Labor hours. Overhead means the Indirect Labor and Facilities Costs attributed to a Product by BUYER. Scrap means the actual scrap rate, net of salvage/rework value Variable Cost means the Direct Materials, Direct Labor, Scrap and Consumables attributed to a Product by BUYER. Pricing Model Pricing shall be determined and adjusted as set forth herein. The parties agree that the price shall consist of the sum of Variable Cost plus Overhead plus CM Xxxx-Ups, all as further illustrated in the Table C-1. Table C-1 Cost Element Components Variable Cost Direct Materials Cost Element Components Direct Labor Scrap Consumables Overhead Indirect Labor Facilities Costs CM Xxxx-Ups CM G&A, including cost of capital CM Profit Variable costs and Overhead shall be based upon the actual costs and the parties agree that BUYER shall have access to all documentation to determine actual costs. Overhead costs shall be determined as described herein. Upon notice, BUYER may audit SUPPLIER records to determine actual costs. CM Xxxx-Ups shall be based upon mutual agreement of the parties. Furthermore, BUYER shall price Overhead by category of Product. Each Product will be assigned an overhead pricing category as described in Table C-2 and as illustrated in Table C-3, and all Products in that category will have the same Overhead rate. Table C-2 Timing Activity Initial Cost Program Setup • Assign product to an Overhead category containing like Products with similar support requirements. • Establish actual costs for Indirect Labor and Facilities for each Product family. • Define Overhead rates for each category as the median of per-unit costs for all Products in that category. • Define boundaries of each category to be the midpoint between the Overhead rate for that category and the next lower/higher category. • Compare actual costs per Product to the category boundaries. Re-assign products to lower/higher categories when actual costs for that product are outside the boundaries for the initially-assigned category. Annually • Reset Overhead rates for each category based on current actual support costs, as mutually ...
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Indirect Labor means Indirect Costs associated with the costs of performing the work of this agreement (utilities, etc.) as specified in the ISU Office of Research Policies and Procedures.
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Indirect Labor includes the actual salary and wages of personnel providing support to the contract and specifically includes management, clerical and administrative personnel, the administrative time of direct employees and the period accrual for paid absences. Indirect Labor also includes the salary and wages of otherwise direct personnel while on compensated leave or performing duties not directly related to providing contracted services. Fringe Benefits on Direct Labor only include that portion of costs related to the direct labor salary or wages incurred. In no event shall the Indirect Labor costs exceed sixty five percent (65%) of Direct Labor costs.
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Examples of Indirect Labor in a sentence

  • Indirect Costs (IDC)These costs include what are generally referred to as 1) Fringe Benefits and 2) Overhead (including direct and indirect costs of Indirect Labor).

  • These costs include what are generally referred to as 1) Fringe Benefits and 2) Overhead (including direct and indirect costs of Indirect Labor).

  • Indirect Labor cost per employee for employees residing in Brownsville.

  • Indirect Labor Hours are hours incurred for common objectives, such as payroll, maintenance, or computer support which cannot be charged to any single direct effort.

  • A breakdown of the estimated costs by phase or task must be presented (i.e., tabular format) and should include Direct Labor Costs (number of hours or days per staff and their associated unit costs) and Indirect Labor Costs (i.e., travel, per diem, etc.).

  • State the reason(s) why a consultant was required to complete the effort.• Cost for Subcontractors: A breakdown of the subcontract amount by cost element and fee must be shown to fully assess the proposal.• Indirect Labor Cost: Overhead and general administrative rates.

  • Table No. 3Comparative Summary of the Calculation of Total Labor Benefits, excluding Indirect Labor Benefits, for the 974 Female and Male Workers of Estofel, S.

  • Table 3.Comparative Summary of the Calculation of Overall Total Labor Benefits, excluding Indirect Labor Benefits, for the 974 Female and Male Workers of Estofel, S.A. This new table was added at the request of the law firm Diaz Duran & Asociados.

  • Based on Guatemalan legislation, Table 2 shows the amount of Q11.106,599.32 that would correspond to the 974 female and male employees as labor benefits, including: Christmas Bonus, Bonus 14, Vacations, Severance Pay, Indirect Labor Benefits [Economic Advantages], Maternity (pre- and post-natal), and Breastfeeding Period.

  • Non-project pay shall be included as Indirect Labor per Section 3.01(2)(b).

Related to Indirect Labor

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Indirect services means special education services provided by a special education teacher which include ongoing progress reviews; cooperative planning; consultation; demonstration teaching; modification and adaptation of the environment, curriculum, materials, or equipment; and direct contact with children with disabilities to monitor and observe.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.

  • Indirect contact means the contact of persons with exposed conductive parts.

  • Indirect Tax means any goods and services tax, consumption tax, value added tax or any tax of a similar nature.

  • Loss of Hand or Foot means complete severance through or above the wrist or ankle joint. (In South Carolina, "Loss of Hand" can also mean the loss of four whole fingers from one hand.)

  • Indirect supervision means the supervision of an unlicensed school staff member when the school nurse or other health care provider is not physically available on site but immediately available by telephone.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Criminal sexual activity means the commission of an act as defined in Section 886 of Title 21 of the Oklahoma Statutes, which is the act of sodomy; and

  • Indirect means to act or attempt to accomplish an act through an interest in a business association, through one or more affiliates or intermediaries, or by any method other than a direct approach, including by any circuitous or oblique method.

  • Indirect Taxes means value added taxes, sales taxes, consumption taxes and other similar taxes.

  • Excess emissions - means an emission rate that exceeds any applicable emission limitation or standard allowed by any rule in Sections .0500, .0900, .1200, or .1400 of Subchapter 02D; or by a permit condition; or that exceeds an emission limit established in a permit issued under 15A NCAC 02Q .0700. (Note: Definitions of excess emissions under 02D .1110 and 02D .1111 shall apply where defined by rule.)

  • Direct Competitor means any individual, partnership, corporation, limited liability company, association, or other group, however organized, who competes with the Company in the full service restaurant business.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Activities of daily living means at least bathing, continence, dressing, eating, toileting and transferring.

  • Public safety employee means a public employee who is employed as one of the following:

  • Economic Load Response Participant means a Member or Special Member that qualifies under Operating Agreement, Schedule 1, section 1.5A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.5A, to participate in the PJM Interchange Energy Market and/or Ancillary Services markets through reductions in demand. Economic Maximum:

  • Indirect cost rate proposal means the documentation prepared by a governmental unit or subdivision thereof to substantiate its request for the establishment of an indirect cost rate.

  • Indirect Owner means, in the case of a Protected Partner that is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such Protected Partner, and in the case of any Indirect Owner that itself is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity interest in such entity.

  • Direct scattered radiation means that scattered radiation which has been deviated in direction only by materials irradiated by the useful beam (See "Scattered radiation").

  • Indirect Political Event shall have the meaning set forth in Clause 21.3;

  • Expected week of childbirth means the week, starting on a Sunday, during which the mother's doctor or midwife expects her to give birth.

  • Indirect Participants Has the meaning specified in Section 4.01(b) of this Trust Supplement.