Contractor Owned Equipment. CHANGED TO: 1 The Department will calculate the “rental” hourly rates by dividing the monthly rate by 176. The Department will not use weekly, daily, or hourly rates. The Department will apply rental hourly rates for every hour the equipment is in active use, except that for any 30-day period, the Department will limit the total amount paid for each piece of equipment to a maximum of the monthly rate.
Appears in 4 contracts
Samples: Construction Contract, Construction Contract, Maintenance Roadway Repair Contract
