Common use of Red Circled Rates Clause in Contracts

Red Circled Rates. a) The amount of a job rate that is in excess of the evaluated worth will be red circled at the time of evaluation. It is intended that the red circled amount never increase. Therefore, it must be subtracted from a rate prior to the application of a percentage wage increase and then added back. A red circle amount will be reduced as the evaluated worth of the increases.

Red Circled Rates. a) The amount of a job rate that is in excess of the evaluated worth will be red circled at the time of evaluation. It is intended that the red circled amount never increase. Therefore, it must be subtracted from a rate prior to the application of a percentage wage increase and then added back. A red circle amount will be reduced as the evaluated worth of the increases.

Red Circled Rates. (a) The amount of a job rate that is in excess of the evaluated worth will be red circled at the time of evaluation. It is intended that the red circled amount never increase. Therefore, it must be subtracted from a rate prior to the application of a percentage wage increase and then added back. A red circle amount will be reduced as the evaluated worth of the job increases.

Red Circled Rates. a) The amount of a job rate that is in excess of the evaluated worth will be red circled at the time of evaluation. It is intended that the red circled amount never increase. Therefore, it must be subtracted from a rate prior to the application of a percentage wage increase and then added back. A red circle amount will be reduced as the evaluated worth of the increases.