Overhead Rates Clause Samples

Overhead Rates. With respect to Development Operations conducted by a Party Operator under an Applicable Operating Agreement, each Party shall pay to such Party Operator such Party's Working Interest share of the producing well and/or drilling well overhead rates specified in such Applicable Operating Agreement in accordance with Section 7.2 for such Development Operations with respect to which it participates.

Overhead Rates. The Engineer shall use the overhead rate indicated in Attachment E. The overhead rate remains unchanged for the entire contract period.

Overhead Rates. Overhead rates under the Operating Agreement --------------- between Harding and Petros▇▇▇▇▇ ▇ill be as set out in the COPAS Accounting ▇rocedure attached as Exhibit C to the Operating Agreement.

Overhead Rates. (1) ConsultantName shall submit a written notice requesting changes to overhead rates for ConsultantName and its subconsultants in accordance with the adjustment date specified in Section 1, Agreement Summary. Notice shall contain the information required under subsection a) i. through iv. and be provided a minimum of thirty (30) calendar days before the adjustment date to allow for County review. Unless the County disagrees in writing with the proposed overhead rates, the Consultant may start billing at the new overhead rates thirty (30) calendar days after submittal of the advance written notice or the applicable adjustment date specified in Section 1, Agreement Summary, whichever is later; provided however, all new overhead rates shall be effective at the beginning of a billing period. Overhead rate increases shall not be retroactive. Only services performed after the thirty (30) calendar day time period shall be billed at the new overhead rates. a) Written notice shall include the following: i. The name of each individual firm; ii. Copy of most current fiscal year overhead review; iii. Current financial statements with sufficient information concerning the overhead rate, including but not limited to annual audited overhead rates, any actual federal (FAR) overhead rates; and iv. Additional information as requested to validate overhead costs. b) For annual overhead rate adjustments, the County will review and consider the actual historical overhead costs incurred by the firm with respect to Business & Occupational (B&O) taxes; however, should the B&O tax percentage be increased or decreased, the County will make no adjustment to the overhead rate to account for future B&O taxes associated with costs for this Agreement.

Overhead Rates. 1. The Overhead Rates are identified in the Cost Summary, Exhibit B. The Overhead Rates shall not be subject to modification.

Overhead Rates. The overhead rates shown for Contractor and each Subcontractor in Appendix B are estimates of actual overhead rates and may be adjusted after 24 months with prior written approval from the Director of Transportation. Contractor’s and Subcontractors' combined unburdened hourly rates and overhead rates are subject to audit in compliance with Federal requirements.

Overhead Rates. 3.2.1 The approved overhead rates are: 3.2.2 The Contractor shall submit to the Commission current certified reviewed financial audit report(s) of overhead cost rates for home and/or field office rates upon request for a change or addition to the approved overhead rates stated in this Paragraph 3.2.

Overhead Rates a. Contractor and approved first-tier subcontractors shall use the following approved overhead rates: Consor PMCM, Inc. 118% N/A ▇▇▇▇▇▇ & Associates 140% N/A RES Engineers, Inc. 140% N/A ▇▇▇▇▇▇ Consulting Group 140% N/A Stok, LLC N/A 160% The ▇▇▇▇▇ Group 140% N/A ▇▇▇▇▇▇▇▇ Management, Inc. 140% N/A b. The field office overhead rate shall be applied to the direct labor rates for staff provided with a workstation at the Airport, furnished with normal office equipment and materials including computers, printers, internet access, and office supplies. c. The home office overhead rate shall be applied to the direct labor rates for staff working from Contractor’s or subcontractor’s offices and not provided with an Airport computer. Use of the home office overhead rate requires prior written authorization from the Airport Project Manager. d. Annual adjustments to the overhead rate may be requested only from firms that have their overhead rate audited independently by a certified public accountant or other government agency and must be accompanied by the updated audited overhead report. The audited overhead report must adhere to Generally Accepted Government Auditing Standards. The Airport reserves the right to approve or deny any changes in overhead rates during the term of the Agreement. Overhead rates shall not exceed 140% for field offices and 160% for home offices.

Overhead Rates. The overhead rate should include all indirect cost not readily assignable to cost objectives specifically benefited. Typically an overhead rate is calculated on a company or division wide basis by segregating expenses into direct cost and indirect cost categories and then dividing the indirect costs by a direct cost base such as direct labor to arrive at an overhead rate. The overhead rate is then applied on a contract by contract basis to recapture the indirect costs that are not chargeable directly to a final objective such as general and administrative, facilities, equipment, supplies, accounting, maintenance, materials, etc. Some cost structures may be broken into various overhead rates that are applied to different bases. The proposer should be prepared to provide supporting documentation such as prior agreements with government agencies or audits of prior year activities to validate overhead rates structures.