Bid Rates. If this Contract includes Bid Rates to be used in determination of equitable adjustments (e.g., overhead, profit, daily rates for time-related costs), such rates shall be deemed to include all costs recoverable as components of an equitable adjustment consistent with the requirements, definitions, and exclusions applicable to equitable adjustments set forth in this Contract, and consistent with the Contractor's cost accounting practices. Unless otherwise specified, the bid rates shall be deemed to include only the Contractor's costs, and not the costs of any subcontractors.
Bid Rates. Interest on the outstanding principal amount of Bid Loans shall accrue at a rate per annum equal to the applicable Bid Rate for each such Bid Loan and shall be payable at the time(s) specified in the Bid Offer for each such Bid Loan or, if no such time is so specified, on the Stated Maturity Date thereof.
Bid Rates. The District will not accept any rate increases during the contract period. Discount for multi-bus charters will not be considered in awarding trips. Transportation Operators are encouraged to include any discounts into their bid price(s) at the time of bid. Premium rates that are additional to bid prices for weekend, time of the year or special event charter will not be considered. Per Trip Rate prices provided by bidders on bid form in bid submission must include ALL costs and be the only cost due the Transportation Operator by the District for each trip ordered. No additional charges will be allowed over and above the Per Trip Rate provided. Trip duration will include start from and return to the appropriate School Site or District- designated location only. Transportation Operators may provide bids on line items that include the passenger number range that matches the maximum passenger capacity of their company’s buses only. Trips will be scheduled using awarded Transportation Operator’s bid pricing in any combination of buses and Transportation Operators that will result in the lowest cost for each specific trip. The District will pay $90 per hour for any trip that exceeds the contracted trip duration unless the delay is caused by the Transportation Operator, Transportation Operator’s employees or equipment. The District will determine the cause of the delay and whether the additional hourly expense is to be paid to the Transportation Operator. Hourly charges for overages will be billed and paid at actual quarter hour increments determined by prorating the flat rate above.
