Rates – Fluctuations Sample Clauses

Rates – Fluctuations. Clause 5.6.1 does not apply – where the National Schedule of Rates is NOT being used and there is no identified basis for revision, the rates given in the Schedule of Rates will remain fixed.
Sample 1
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Rates – Fluctuations. Clause 5.6.1 does not apply – where the National Schedule of Rates is NOT being used and there is no identified basis for revision, the rates given in the Schedule of Rates will remain fixed. Basis and dates of revision The rates in the Schedule of Rates will be adjusted by any addition of the Adjustment Percentage or the deduction of the Adjustment Percentage, as submitted by the Contractor and evaluated at the time of tender. The basis on which Schedule of Rates is to be revised under clauses 5.6.1.2 DAYWORK (Contract Particulars, item 12) Valuation – percentage additions (item 12.1) Overheads and profit on Materials must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Overheads and profit on Plant, Services and Consumable Stores must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Overheads and profit on Sub-Contractors must be included within the Schedule of Rates and Hourly Charges, as submitted by the Contractor within the Tender Submission Revision of Schedule of Hourly Charges (item 12.2) Clause 5.6.3 does not apply Annual revision date: N / A The basis of revision of hourly charges, must be set out in Schedule of Hourly Charges, as submitted by the Contractor within the Tender Submission OVERTIME WORK (Contract Particulars, item 13) Percentage addition in respect of overheads and profit on non-productive overtime rates – information to be inserted The Contractor may assume that any order issued by the Council’s Out of Hours Service out of normal working hours or classified as an emergency in accordance with the “Priority Rating for the Execution of Orders” will be deemed to give authority for overtime working provided that the works to which the order relates cannot be properly carried out during normal working hours as defined hereinbefore. The Contract Administrator’s decision shall be final and binding with regards to the payment or not for overtime. INSURANCE (Contract Particulars, item 14) Amount of insurance cover for any one occurrence or series of occurrences arising out of one event: £5,000,000 – Councils liability £10,000,000 – public liability £5,000,000 - Percentage to cover professional fees – 15% Annual renewal date of insurance as supplied by the Contractor Details of the required Terrorism Cover Tendring District Council Amendments to the Standard Insurance clauses: Further to and in resp...
Sample 1

Related to Rates – Fluctuations

  • Rates The Borrower promises to pay to the Administrative Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates:

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Sleeping Room Rate(s) A. The Contractor shall provide sleeping rooms to the Attendees at the following rate during the Program:

  • Pay Rates Unit members must have been on an active status for a minimum of six

  • Exchange Rates Notwithstanding the foregoing, for purposes of any determination under Section 9, Section 10 or Section 11 or any determination under any other provision of this Agreement expressly requiring the use of a current exchange rate, all amounts incurred, outstanding, or proposed to be incurred or outstanding in currencies other than Dollars shall be translated into Dollars at the Spot Rate; provided, however, that for purposes of determining compliance with Section 10 with respect to the amount of any Indebtedness, Restricted Investment, Lien, Asset Sale, or Restricted Payment in a currency other than Dollars, no Default or Event of Default shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness, Lien or Restricted Investment is incurred or Asset Sale or Restricted Payment made; provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.6 shall otherwise apply to such Sections, including with respect to determining whether any Indebtedness, Lien, or Investment may be incurred or Asset Sale or Restricted Payment made at any time under such Sections. For purposes of any determination of Consolidated Total Debt or Consolidated First Lien Secured Debt, amounts in currencies other than Dollars shall be translated into Dollars at the currency exchange rates used in preparing the most recently delivered Section 9.1

  • Base Rates Attached to and made a part of this Agreement is Appendix A which sets forth the straight-time hourly rates for all employees covered by this Agreement.

  • Overtime Rates All overtime hours shall be compensated at the rate of time and one- half (1-1/2).

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • FIXED RATES If a fixed rate is in this Agreement, it is based on an estimate of the costs for the period covered by the rate. When the actual costs for this period are determined, an adjustment will be made to a rate of a future year(s) to compensate for the difference between the costs used to establish the fixed rate and actual costs.

  • Penal Rates (a) Weekend rate - applies to ordinary time (other than overtime) worked after midnight Friday/Saturday until midnight Sunday/Monday shall be paid at time one half (T0.5) in addition to the ordinary hourly rate of pay.

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