Rate justification Sample Clauses
A rate justification clause requires a party to provide a clear explanation or rationale for the rates or prices they are charging under a contract. Typically, this involves supplying supporting documentation, cost breakdowns, or market comparisons to demonstrate that the rates are fair and reasonable. This clause helps prevent overcharging and ensures transparency, thereby protecting the interests of the party paying for goods or services.
Rate justification. Carrier must submit to DFR a justification for a rate change prior to implementation of the changed rate. Carrier shall prominently post the justification on its website.
Rate justification. Per 45 CFR § 156.210, Carrier will submit to OID a justification for a rate increase prior to the implementation of the increase. Carrier will prominently post the justification on its web site.