Labor Burden definition
Examples of Labor Burden in a sentence
The Owner will not reimburse components of Labor Burden that are not normal and appropriate.
The Contractor shall provide the Owner, for its review and approval, with its Labor Burden and all actual costs used to calculate its Labor Burden within 21 days of the award of the Contract or no later than the date of the execution of the Contract, whichever is earliest.
The Contractor is aware that incompleteness of its Labor Burden information may cause delays in the review, processing, and execution of Change Orders.
The following types of fringe benefits shall not be included in Labor Burden: incentive compensation, bonuses, personnel support costs, and extraordinary retirement benefits.
The Owner’s approval of the Contractor’s Labor Burden is a material condition precedent to the submission and the Contractor and the Owner’s execution of a Change Order, except that the Owner has the right, but not the obligation, to waive application of a Labor Burden.
Further, if the Contractor fails to provide the Owner with revised/updated Labor Burden rates 30 days prior to the applicable expiration date, the Owner may, in its discretion, apply the prior approved Labor Burden or waive the Labor Burden.
Labor Burden components which will not be reimbursed include, but are not limited to, bonuses, excessive pension/profit sharing cost (not to exceed 8% of qualifying wages), club dues, auto, training/seminars, uniforms, administrative support.
The approved Labor Burden and Labor Burden Rate will be used for all changed Work, including Force Account Work, until the expiration date.
Labor Burden shall not include any profit, markup, bonus, or expenses unrelated to the Work, as determined by the Owner.
The following types of fringe benefits shall not be included in the Labor Burden: incentive compensation, bonuses, personnel support costs, and extraordinary retirement benefits.