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<br />2.1.3 Carrying charges at 1.5% per month for delinquent payments; and <br />2.1.4 Applicable sales or value-added taxes. <br />2.2 Payment Due Date. All invoices are due and payable within 30 days of the invoice date. <br />SECTION 3 -DEFINITIONS <br />3.1 Direct Labor costs are the salaries at regulaz hourly rates for the actual time worked by staff, except the time of <br />Malcolm Pirnie officers. Officers' actual time worked is charged at $55.00 per hour. <br />3.2 Indirect Cost is the overhead expense on direct labor. Overhead includes such items as employment taxes, fringe <br />benefits, vacations and pension costs, and items which are not readily subject to treatment as direct costs such as rent <br />and insurance. The allowability of costs and acceptability of cost allocation methods shall be determined in accordance <br />with Federal Acquisition Regulation (FAR) Subpazt 31.3 in effect on the date of this Agreement. The final Indirect Cost <br />rate shall be based on Malcolm Pirnie's actual costs and shall be determined no later than 2 yeazs after completion of <br />performance (Section 4.4). <br />NMFPU.CC/swm <br />1943-01-1 <br />C-2 <br />