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.
Bi-weekly pay schedules can be complicated if there are 27 pay periods in a year (as opposed to the normal 26). This occurs depending on which day the year starts with, and how the days of the week fall. Semi-monthly pay schedules can be tricky for hourly employees, because there are 86.67 hours in a typical pay period. This makes overtime pay complicated, and could increase questions from your employees.