Provisional rate definition
Examples of Provisional rate in a sentence
Provisional rate or billing rate means a temporary indirect cost rate applicable to a specified period which is used for funding, interim reimbursement, and reporting indirect costs on Federal awards pending the establishment of a final rate for the period.
Either the State or the Consultant may initiate the request to modify the Provisional rate to prevent substantial overpayment or underpayment.
The anniversary date for employees progressing to the Clinical Physiology Scale from the Provisional rate shall be reset at that time.
A Provisional rate is used until a “final” rate is established for that same period.
Indirect Costs: Indirect costs are approved based on the Indirect Cost Rate Agreement dated February 4, 2016, which calculates indirect costs as follows, a Provisional rate is approved at a rate of 23.60% of the base, which includes, direct salaries and wages including all fringe benefits.
Indirect costs are approved based on the Indirect Cost Rate Agreement dated May 9, 2016, which calculates indirect costs as follows, a Provisional rate is approved at a rate of 33.20% of the base, which includes, direct salaries and wages including all fringe benefits.
Indirect costs are approved based on the negotiated indirect cost rate agreement dated August 14, 2023, which calculates indirect costs as follows, a Provisional rate is approved at a rate of 72.00% of the base, which includes, direct salaries and wages including all fringe benefits.
Indirect Cost: Indirect costs are approved based on the Indirect Cost Rate Agreement dated February 4, 2016, which calculates indirect costs as follows, a Provisional rate is approved at a rate of 23.6% of the base, which includes, direct salaries and wages including all fringe benefits.
Provisional rate or billing rate means a temporary indirect cost rate applicable to a specified period which is used for funding, interim reimbursement, and reporting indirect costs on awards pending the establishment of a final rate for the period.