Overtime Pay (Service Procurements)

The type of pay, calculated at an increased rate of the normal hourly wage, that must be paid to workers employed in service procurement tenders based on the employment of personnel for work in excess of the statutory weekly working period of forty-five hours. The pay for each hour of overtime is made by increasing the hourly amount of the normal wage by fifty per cent. In public procurement practice, overtime pay is significant in calculating the estimated cost and tender prices in such procurements.