Career Path > Salary Questions
Wage Raises Due To Tax Cuts
SloGlo:
back inna day, eye had a corporate manager explain two me that if won was able to make 40% of billing rate, that person wood be gitting paid well.
a billing rate must include awl costs two bee practical. costs mayinclude overtime, weather paid oar knot, unless a separate billing is contracted fore o.t.
hamsamich:
I actually saw the bill SRS was getting 2010 thru 2012 and it was about 70%. It was billed as an hourly rate with an extra 200 hours for OT allowed. It was all hourly and not a hard annual contract.
Marlin:
--- Quote from: hamsamich on May 12, 2018, 12:46 ---I actually saw the bill SRS was getting 2010 thru 2012 and it was about 70%. It was billed as an hourly rate with an extra 200 hours for OT allowed. It was all hourly and not a hard annual contract.
--- End quote ---
Per diem, insurance, etc compensated or paid through the hourly? This will be a government service contract at SRS that requires the vendor to comply with a set of rules and is different from a commercial power plant. Each DOE site has a contract management group due to the complexity of government contracts. The site operators are prime contractors that hire subcontractors for specific functions.
hamsamich:
all I remember is i was shown a receipt/invoice that had my hourly rate on it for what I was billed. I didn't have any insurance offfered to me thru the company. it was about 70% after per diem was taken out. the rate included per diem. so I treated per diem as a pass thru and calculated my hourly rate minus the per diem. It was about 30% higher than my hourly rate. my company told me my travel home every month came out of a different pot of money...I didn't see the sheet on that part of it.
Marlin:
--- Quote from: hamsamich on May 12, 2018, 04:06 ---all I remember is i was shown a receipt/invoice that had my hourly rate on it for what I was billed. I didn't have any insurance offfered to me thru the company. it was about 70% after per diem was taken out. the rate included per diem. so I treated per diem as a pass thru and calculated my hourly rate minus the per diem. It was about 30% higher than my hourly rate. my company told me my travel home every month came out of a different pot of money...I didn't see the sheet on that part of it.
--- End quote ---
Was it a short term contract supporting a project? Staff augmentation tends to be under the Service Contractors Act in DOE that clearly is not. To stay on topic contractors are paid by contract and "a" contract does not really represent the companies bottom line as they probably have a number of them and pay will likely follow new/renewed contracts.
YMMV [2cents]
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