Costing Criteria Clause Samples

Costing Criteria a) The Parties will use an average of the most recent 3 years of HRDB data (April 1, 2016 – March 31, 2019) for costing purposes. Where the data is not available in the HRDB data, the parties will use data from the institution’s historic records using the same 3 year period. Where the institution does not use an April 1 – March 31 year, the records used will be those that most closely fit that time period. b) Normal rounding principles will apply. If rounding to the nearest dollar, less than .5 dollars will be rounded down to the nearest lower whole dollar and .5 dollars or more will be rounded to the nearest higher whole dollar. If rounding to the nearest cent, less than .5 cents will be rounded down to the nearest lower whole cent and .5 cents or more will be rounded to the nearest higher whole cent.