CERTIFIED WAGE RATE FORM
(Required Format)
Consultant Name:
Job
Classification
Project Manager
Personnel
Raise Date
Current Salary
Percent
Wage Rate at
Mid-Point of
Contract
Work Activities:
AVERAGE HOURLY RATE = $
EFFECTIVE ESCALATION FACTOR =
ESCALATED AVERAGE HOURLY RATE =
Project Engineer
Work Activities:
AVERAGE HOURLY RATE = $
EFFECTIVE ESCALATION FACTOR =
ESCALATED AVERAGE HOURLY RATE =
Secretary/Clerical
Work Activities:
AVERAGE HOURLY RATE = $
EFFECTIVE ESCALATION FACTOR =
ESCALATED AVERAGE HOURLY RATE =
* Include one (1) escalated average rate for each job classification of the mid point of the contract.
I certify that the above information is current and accurate as of this date.
_____________________________________
Print Name
_____________________________________
Signature
_____________________________________
Date
How to arrive at the *Wage rate at Mid-Point of Contract.
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Count the number of months from the Notice to Proceed Date to the date of raise indicated in the
Two Year Salary History.
Divide the number by 24 (the length of the contract) and multiply by 1.
The next figure is a full 12 months divided by 24 months times 1 plus the escalation rate being used.
The remaining months are divided by 24 months times the previous calculated rate multiplied by
itself.
Add all 3 calculated figures together and multiply this escalation factor times the present salary of the
position to arrive at the final escalated salary rate.
Example: Number of months from NTP to date of raise is 9 months.
9/24 x 1 = 0.375
12/24 x 1 + 5% escalation = 12/24 x 1.05 = remaining months = 3
3/24 x (1.05 x 1.05) = 3/24 x 1.1025 = 0.1378
0.375 + 0.525 + 0.1378 = 1.0378, which is the escalation factor.
$10.00 per hour present salary rate x 1.0378 = $10.38 escalated salary to be used for the contract.
If there is more than one rate per classification, add all of them and divide by the number of rates for an
average figure. If Anniversary Raise dates are used, calculate each one separately. If the raise date is at
the beginning of the month, don’t count that month. If the NTP is at the end of the month, don’t count that
month.