time cost definition
time cost means the annual salary of any person employed by body corporate practicing as a Town Planner divided by 1,800 (being deemed to be the average annual total of effective working hours of an employee) and multiplied by the number of working hours spent by such person in performing any of the services in respect of which payment is to be made to the body corporate practicing as a Town Planner to upon the basis of time cost, and the annual salary of a person for a period of less than a full year shall be calculated pro-rata to such person's salary for such lesser period.
time cost means the annual salary of any person employed by the Consulting Architect divided by 1,800 (being deemed to be the average annual total of effective working hours of an employee) and multiplied by the number of working hours spent by such person in performing any of the services in respect of which payment is to be made to the Consulting Architect upon the basis of time cost. The annual salary of a person for a period of less than a full year shall be calculated prorata to such person’s salary for such lesser period.
time cost means the annual salary of any person employed by an town planning consultancy practice divided by 1,800 (being deemed to be the average annual total of effective working hours of an employee) and multiplied by the number of working hours spent by such person in performing any of the services in respect of which payment is to be made to the town planningconsultancypractice upon thebasisoftimecost, and theannualsalary ofaperson foraperiod ofless than a full year shall be calculated pro rata to such person's salary for such lesser period.