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.
Prorated Salary. To prorate semimonthly salary, figure the employeeâs daily rate. A semimonthly payroll happens twice per month, such as on the 15th and last day of the month, and occurs 24 times per year. Each calendar year usually has 2,080 work days, which is 52 weeks multiplied by 40 hours.