New Prevailing Wage Rates Applicable Upon Renegotiation. If the initial Contract provides for an extension of the contract at the same negotiated compensation rate originally agreed on, this constitutes a “renewal” that would utilize the same prevailing wage rates (base and fringe benefits) in effect at the time of the initial solicitation. An increased or decreased compensation rate for the contractor during the agreed extension of the Contract constitutes a “renegotiation” and the prevailing wage rates in effect at the time of such renegotiation would apply. In addition, the 30-month period restarts.
Appears in 4 contracts
Samples: Contract for Services, Contract for Mid Level Medical Practitioner Services, Elevator Maintenance Contract
New Prevailing Wage Rates Applicable Upon Renegotiation. If the initial Contract provides for an extension of the contract Contract at the same negotiated compensation rate originally agreed on, this constitutes a “renewal” that would utilize the same prevailing wage rates (base and fringe benefits) in effect at the time of the initial solicitation. An increased or decreased compensation rate for the contractor during the agreed extension of the Contract constitutes a “renegotiation” and the prevailing wage rates in effect at the time of such renegotiation would apply. In addition, the 30-month period restarts.
Appears in 3 contracts
Samples: Nursing Services Contract Amendment, Nursing Services Agreement, Nursing Services Agreement
New Prevailing Wage Rates Applicable Upon Renegotiation. If the initial Contract contract provides for an extension of the contract at the same negotiated compensation rate originally agreed on, this constitutes a “renewal” that would utilize the same prevailing wage rates (base and fringe benefits) in effect at the time of the initial theinitial solicitation. An increased or decreased compensation rate for the contractor during the agreed extension of the Contract contract constitutes a “renegotiation” and the prevailing wage rates in effect at the time of such renegotiation would apply. In addition, the 30-month period restarts.
Appears in 1 contract
New Prevailing Wage Rates Applicable Upon Renegotiation. If the initial Contract contract provides for an extension of the contract at the same negotiated compensation rate originally agreed on, this constitutes a “renewal” that would utilize the same prevailing wage rates (base and fringe benefits) in effect at the time of the initial solicitation. An increased or decreased compensation rate for the contractor during the agreed extension of the Contract contract constitutes a “renegotiation” and the prevailing wage rates in effect at the time of such renegotiation would apply. In addition, the 30-month period restarts.
Appears in 1 contract
