Standby equipment meaning

Standby refers to the period during which equipment is assigned to a job and available for work, but is not put into operation until needed. Only the fixed Ownership costs of Depreciation, CFC, and Overhead costs should be accrued for every hour the equipment is on standby.

1. What is cost of standby by equipment?
2. What is standby time in construction?
3. What are standby rates?
4. Can a contractor claim costs of idle machinery as part of its delay claim?
5. What does standby mean for work?
6. Should I be paid for being on standby?
7. What can delay a construction project?
8. What are construction delay damages?
9. Are claim preparation costs recoverable?
10. Is standby same as on call?
11. Is it standby or stand by?
12. Does standby work time?
13. What will the minimum wage be in April 2021?

What is cost of standby by equipment?

Standby refers to the situation where equipment is on the job and available for work, but is not put into operation until needed. These payments are meant to reimburse the contractor for fixed costs such as depreciation, cost of facilities capital, and indirect equipment costs. ...

What is standby time in construction?

Standby time means any period of time that is not considered Working Time and which together with the Working Time does not exceed ten (10) hours in any one Working Day and during which time a piece of Construction Equipment (other than hand tools and tools of the trade) cannot practically be used on other Work but ...

What are standby rates?

Standby Rate means a daily fixed rate. If specified in any item in this contract agreement, this fixed cost rate is paid for each day that the unit is available for work or is working in accordance with the Contract Documents.

Can a contractor claim costs of idle machinery as part of its delay claim?

A contractor's idle or standby equipment and labor costs, often incurred during a suspension, are an example of delay-related costs. ... In this situation, the contractor would be entitled to recover not only its extended field and home office costs, but also its idle or standby equipment costs.

What does standby mean for work?

Standby or Controlled Standby are legal terms used to describe situations in which an employee is doing nothing other than waiting for their employer to call them to work, if need be.

Should I be paid for being on standby?

Check your employment contract, because it may contain better than minimum rights to pay when on standby. ... If your employer provides sleeping accommodation for you at or near your work, you must be paid for any time you spend working while using these facilities.

What can delay a construction project?

However, delays can happen for various reasons such weather, equipment failures, labor shortages, missing or incorrect data, project mistakes and conflicts. There are some reasons, like weather that are beyond your control, but most construction project delays can be avoided.

What are construction delay damages?

Delay damages refer to damages “arising out of delayed completion, suspension, acceleration or disrupted performance”; these damages compensate the contracting party that is injured when a project takes longer than the construction contract specified. . . .

Are claim preparation costs recoverable?

Claims often include an item for the costs of preparing that claim and for the submissions that preceded it. ... The conventional English law view is that such costs are not recoverable, except in specific circumstances or as 'costs in the action'.

Is standby same as on call?

If you are on “stand-by” outside of your regular working hours, it means you need to be available to work and cannot use the time that you are in that status for your own purposes. ... If you are on “on-call” you receive one-sixth of your straight time pay (if you are an hourly employee).

Is it standby or stand by?

From Longman Dictionary of Contemporary Englishstand‧by1, stand-by /ˈstændbaɪ/ noun (plural standbys) 1 → on standby2 [countable] something that is kept ready so that it can be used when needed Powdered milk is a good standby in an emergency.

Does standby work time?

A rest period is any period which is not working time. The CJEU has previously found that standby time can be working time if the employee must be physically at the workplace (or another place determined by the employer) and able to provide services immediately if required.

What will the minimum wage be in April 2021?

In April 2021 they are:

Age 16-17 - £4.62 an hour. Age 18-20 - £6.56 an hour. Age 21-22 - £8.36 an hour.