Precast concrete is a construction product produced by casting concrete in a reusable mold or form which is then cured in a controlled environment, transported to the construction site and lifted into place. In contrast, standard concrete is poured into site-specific forms and cured on site.
What They Are. Semi-monthly payments are payments made twice per month on the 1st and 15th rather than once per month on your regular due date. The balance due remains unchanged; if your mortgage is $1,200 per month, you would make a payment of $600 twice each month.
Salary Calculation. Salary employees have 2,080 work hours per calendar year, which includes paid benefit days, such as vacation and sick time. A semimonthly payroll has 24 pay periods for the year (twice per month x 12 months). This means that a salary employee receives payment for 86.67 hours each payday (2,080 / 24).