Examples of Rate in a sentence
Ceiling Rate – The maximum price a Contractor may charge for an associated Job Title or Scope Variant.
The Undersigned further agrees, if awarded the Contract and upon receipt of the fully executed Agreement, will immediately commence with the Work under this contract and complete all Work within the specified duration The Undersign is aware and has taken into consideration in its Bid submission that this Project is Prevailing Wage Rate and shall comply with the Connecticut’s prevailing wage laws pursuant to Connecticut General Statutes §31-51.
The parties’ agreement of a new Subcontractor and the applicable Subcontractor Billing Rate, and Billing Rate with Subcontractor Mark-up, will be documented in writing and incorporated into the Master Agreement via a subsequent Amendment.
The parties’ agreement of a new Classification and the applicable Salary Rate or Subcontractor Billing Rate, and Billing Rate with applicable contractual mark-up, will be documented in writing and incorporated into the Agreement via a subsequent Amendment.
Ceiling Rate – The maximum Proposed Price a Bidder may propose for an associated Job Title or Scope Variant while still being deemed to have submitted the lowest responsive bid.