R2003-64 AUTHORIZING AGREEMENT - Laserfiche WebLink

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, Enclosure (1) 1 TECHNICAL PAYROLL COSTS TIMES A FACTOR PLUS DIRECT REIMBURSABLE EXPENSES TIMES A MULTIPLIER This enclosure has been prepared to define the method of compensation for services based upon TECHNICAL PAYROLL COSTS T/MES A FACTOR PLUS DIRECT REIMBURSABLE EXPENSES TIMES A MULTIPLIER. Compensation for all employees working on the project shall be based upon Technical Payroll Costs Times a Factor. Direct reimbursable expenses will be invoiced on costs times a muttiplier basis. Daily time and reimbursable expense records are maintained for all manhours and reimbursable expenses committed to the project. Invoices are submitted monthly for the work completed in the previous month; payment is due within thirty days from date of invoice. Technical Payroll Cosfs,Factor, and Direct Reimbursable Expenses are defined as follows: DEFINITIONS OF STANDARD TERMS AND EXPLANATORY NOTES TECHNICAL PAYROLL COSTS The Technical Payroll Costs used as a basis for payment shall mean the actual salaries and wages paid to employees engaged directly on the project, plus the cost of fringe benefits including, but not limited to: Social Security contributions; unemployment, excise and payroll taxes; workmen's compensation; health and retirement benefits; and sick leave, vacation and holiday pay applicable thereto. In order to calculate Technical Payrol! Costs used as a basis for payment, the cost of fringe benefits that are added to salaries and wages paid to employees is 35 percent of the cost of said salaries and wages. BWC's overtime salary rates for all employees are 1-1/2 times the straight time salary rates. TECHNICAL PAYROLL COST FACTOR � The Technica! Payro!! Cost Factor provides for Engrnee�s General Overhead Costs and Profrt and is applied to Technical Payroll Costs. The present Technica!Payroll Cost Factor is 2.11_ A factor of 125 shall be applicable to the premium portion of overtime salary rates. DIREC'T REIMBURSABLE EXPENSES A listing of Direct Reimbursab/e Expenses not included in General Overhead is enclosed as AnACHnnEHT A. MULTIPLIER A Multiplier of 1.10 is used to provide fior handling costs of Direct Reimbursable Expenses. 210-'l3A/Rev.10/00 Page 1 of 1