Hourly Rate definition
Examples of Hourly Rate in a sentence
If the Contract Fee is to be determined on an Hourly Rate Basis, the Contract Fee shall be the documented billable time (to the nearest one-quarter hour) actually spent on the Services at the billable rates set forth in this Master Agreement or the Service Contract Form.
Services: << INSERT A DETAILED DESCRIPTION OF THE SERVICES OR REFERENCE AN ATTACHMENT >> Schedule: << LIST ALL APPLICABLE DEADLINES, DELIVERABLE DATES, TIME PERIODS, OR INCLUDE AS ATTACHMENT >> Contract Fee: (check one) ☐ Fixed Fee of <<DOLLAR AMOUNT>> Dollars ($<<###.##>>), which ☐ Includes or ☐ Excludes the fees of sub-consultants; or ☐ To be determined based on an Hourly Rate Basis, not to exceed: ☐ <<DOLLAR AMOUNT>> Dollars ($<<###.##>>) (the “NTE”); or ☐ Not Applicable.