Predetermined rate definition

Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during the period. Except under very unusual circumstances, a predetermined rate is not subject to adjustment. (Because of legal constraints, predetermined rates are not permitted for Federal contracts; they may, however, be used for grants or cooperative agreements.) Predetermined rates may not be used by governmental units that have not submitted and negotiated the rate with the cognizant agency. In view of the potential advantages offered by this procedure, negotiation of predetermined rates for indirect costs for a period of two to four years should be the norm in those situations where the cost experience and other pertinent facts available are deemed sufficient to enable the parties involved to reach an informed judgment as to the probable level of indirect costs during the ensuing accounting periods.
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Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the organization's fiscal year. The rate is based on an estimate of the costs to be incurred during the period. A predetermined rate is not subject to adjustment.
Sample 1Sample 2Sample 3
Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during the period. Except under very unusual circumstances, a predetermined rate is not subject to adjustment. (Because of legal constraints, predetermined rates are not permitted for Federal contracts; they may, however, be used for grants or cooperative agreements.) Predetermined rates may not be used by governmental units that have not submitted and negotiated the rate with the
Sample 1Sample 2Sample 3

Examples of Predetermined rate in a sentence

  • There are references to various types of respiratory equipment throughout this text and in the Appendix III table.

  • At the end of the extension period, you must negotiate a new indirect cost rate.◼ Predetermined rate is applicable to a specified cur- rent or future period and is not subject to adjustment.

  • The indirect cost rate agreement must not change any monetary ceiling, award obligation, or specific cost allowance or disallowance provided for in this award.e. Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the organization's fiscal year.

  • The appropriate Government rep- resentative and the Contractor shall estab- lish the final indirect cost rates as promptly as practical after receipt of the Contractor’s proposal.(c) Allowability of costs and acceptability of cost allocation methods shall be deter- mined in accordance with FAR subpart 31.3 in effect on the date of this contract.(d) Predetermined rate agreements in ef- fect on the date of this contract shall be in- corporated into the contract Schedule.

  • At the end of the extension period, you must negotiate a new indirect cost rate.◼ Predetermined rate is applicable to a specified cur­ rent or future period and is not subject to adjustment.

  • Predetermined rate helps in cost control, quick preparation of cost estimates and fixing price in cost plus contracts.

  • At coupon date, the coupon rate changes to a new, Predetermined rate for a specified period, restricted to securities with final maturities of not greater than five (5) years.

  • Investor assurance Predetermined rate of interest.Investor as capital provider and management as entrepreneur share the risk, hence profit rates areonly indicators.AimsMaximizing profit without anyrestrictions.Maximizing profit subject to Shariah restrictions.Rules of accountsGoverned by product terms andconditions.Governed by undertaking contracts, determiningthe terms and conditions.Fundamental functionLending and borrowing with compounding interest.Participation in partnership business.

  • Pre-determined rate increases under the PWD raised the wage rates on designated dates during the Project.

  • Predetermined rate = $425,000 ÷ 50,000 = $8.50 per MH Total cost of direct material $343,550 Total cost of conversion 78,875 Applied OH (1,540 x $8.50) 13,090 Total cost of Job B316 $435,515 e.


More Definitions of Predetermined rate

Predetermined rate means an indirect cost rate, applicable to a specified current or fu- ture period, usually the organization’s fiscal year. The rate is based on an estimate of the costs to be incurred during the period. A pre- determined rate is not subject to adjust- ment.
Sample 1Sample 2Sample 3
Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during
Sample 1
Predetermined rate. ’ means an indirect cost rate, applicable to a
Sample 1

Related to Predetermined rate

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Established Rate means the rate for the conversion of the Specified Currency (including compliance with rules relating to roundings in accordance with applicable European Community regulations) into euro established by the Council of the European Union pursuant to Article 123 of the Treaty;

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.