Common use of Variable Costs Clause in Contracts

Variable Costs. 3.2.1. Hourly Rates for performance of Services. City’s variable costs consist of labor prices billed per hour by City’s contractor providing Services. City shall invoice State for actual hourly labor costs billed by its contractor, except that City shall not invoice ODOT for any labor costs billed by City’s contractor which include overtime premium rates without prior written approval from State’s Contract Manager. 3.2.2. Maximum Hourly Rates for the Performance of Services. For the months of the Agreement that fall within the 2018-2019 fiscal year, City will not invoice ODOT for hourly labor costs above the following maximum rates: