WebJul 2, 2024 · eCFR :: 48 CFR Part 22 -- Application of Labor Laws to Government Acquisitions (FAR Part 22) eCFR The Electronic Code of Federal Regulations Title 48 Displaying title 48, up to date as of 3/15/2024. Title 48 was last amended 3/06/2024. view historical versions Title 48 Chapter 1 Subchapter D Part 22 Previous Next Top Enhanced … WebDec 30, 2024 · 52.222-2. Payment for Overtime Premiums. As prescribed in 22.103-5 (b), insert the following clause: (a) The use of overtime is authorized under this contract if …
Payment for Overtime Premiums. (FAR 52.222-2) - eCFR
WebDec 30, 2024 · 52.222-2 Payment for Overtime Premiums. FAR FAC Number: 2024-01 Effective Date: 12/30/2024 « Previous Next » 52.222-2 Payment for Overtime Premiums. 52.222-2 Payment for Overtime Premiums. As prescribed in 22.103-5 (b), insert the following clause: Payment for Overtime Premiums (July 1990) WebOvertime premium means the dif- ference between the contractor’s regu- lar rate of pay to an employee for the shift involved and the higher rate paid for overtime. It does not … faint line in pregnancy test
48 CFR § 22.406-2 - Wages, fringe benefits, and overtime.
WebNov 8, 2024 · The premium calculation is as follows. Basic rate = 10.40 Overtime rate = 15.60 Overtime premium rate = Overtime rate - Basic rate Overtime premium rate = 15.60 - 10.40 = 5.20 In this example the premium rate is 5.20 an hour. Using this rate the total labor cost can now be presented as follows. WebJan 31, 2024 · Section 52.222-2 - Payment for Overtime Premiums As prescribed in 22.103-5 (b), insert the following clause: PAYMENT FOR OVERTIME PREMIUMS (JUL 1990) (a) The use of overtime is authorized under this contract if the overtime premium cost does not exceed * __ or the overtime premium is paid for work- WebJan 26, 2024 · FAR 52.216-7, or the allowable cost clause, means you have a cost-reimbursable award and must properly track your expenses to get reimbursed. Since you are responsible for accounting for you costs, you are also subject to several types of DCAA audits as well as the annual incurred cost submission audit. faint line on a lateral flow test