Common use of Market Rate Clause in Contracts

Market Rate. ‘Market Rate’ shall be the rate as decided by the Engineer-in-charge on the basis of the cost of materials and labour at the site including applicable taxes, duties and also the transportation charge to where the work is to be executed plus the percentage mentioned in schedule `F’ to cover all overheads and profits.

Appears in 5 contracts

Samples: www.nitm.ac.in, www.nitm.ac.in, www.isro.gov.in

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