Common use of Related correspondence Clause in Contracts

Related correspondence. 10. Time Impact Analysis. See 01 32 16 Schedules Specification and all supplements and amendments thereto. The Contractor’s Labor Burden is defined as its actual costs that it is legally obligated to pay or actually pays its employees for the Work and the allowable Labor Burden components are limited to: (i) FICA (FICA and Medicare are usually shown as one percent at 7.65%), (ii) FUTA, (iii) SUTA, (iv) workers compensation insurance unless provided under a DFW sponsored ROCIP/PCIP/OCIP or other DFW insurance program, (v) general liability insurance unless provided under a DFW sponsored ROCIP/PCIP/OCIP or other DFW insurance program, (vi) 401(k), retirement, pension, (vii) long-term disability and/or short-term disability insurance, (viii) group medical insurance, (ix) group life insurance, and (x) paid time off, e.g., vacation, holiday, and sick leave for eligible employees. Labor burden is not applied to personnel that are paid via 1099 or do not receive the benefits; costs that are incurred for these workers, such as workers compensation insurance and general liability insurance, are allowable. Labor burden is calculated as a percentage of base salary. Labor burden does not include any other insurance coverage (such as, but not limited to, Umbrella, Pollution, Professional Liability) nor does it include cell phones, consumables/incidentals/small tools, bonuses, or safety/PPE/safety supplies/training. Labor Burden shall not include any profit, markup, bonus, or expenses unrelated to the Work, as determined by the Owner. The Contractor shall substantiate the foregoing by payroll and accounting data requested by the Owner. DFW provides and from time-to-time updates additional Labor Burden Guidelines that the Contractor shall follow in addition to the foregoing. 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. Upon the Owner’s approval, an expiration date will be established. The approved Labor Burden and Labor Burden Rate will be used for all changed Work, including Force Account Work, until the expiration date. The Contractor shall provide the Owner with revised/updated Labor Burden, including all actual costs used to calculate its Labor Burden, 30 days prior to the aforementioned expiration date for approval by the Owner. 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. The Contractor is aware that incompleteness of its Labor Burden information may cause delays in the review, processing, and execution of Change Orders. 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. No additional allowance will be made for general superintendence, the use of small tools, or other costs for which no specific allowance is herein provided.