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In item rate contracts means each and every work of the building having an separate rate. for example construction of a building earth work having separate rate PCC having Separate rate, RCC Having Separate rate
Wiki User
∙ 13y ago
Wiki User
∙ 8y agoIn this contract a contractor is required to quote rate of Individual Item of works in tender. This system of contract is mainly done in Railway Departments and Public Work Departments. An advantage of this contract is that thorough analysis of rates can be done.
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When caculating the percentage rate?
A percentage can not be a rate.
According ti the Truth in Lending Law credit contracts must include what?
The law specifies that credit contracts must include the total cost of the loan, the finance charge over the life of the loan, the Annual Percentage Rate, the schedule of payments and the amount to be financed.
How do you find the base percentage and rate example numbers?
To find the base, percentage and rateperce ntage = base * rate (rate in decimal)base = percentage/rate (rate in decimal)rate = percentage/base * 100%Example:Base = 10Percentage = 2Rate?Rate = 2/10 * 100% = 20%
What is rate base and percentage?
a rate is a comparison of something. A percentage is always a comparison to 100.
What is the percent rate of change?
The rate of change is the change divided by the original value. This answer, converted to a percentage is the percentage rate of change.
How do you get the rate when the base and percentage is given?
The rate usually is the percentage.
What is an Item Rate Contracts?
These contracts are also known as unit-price contracts or schedule contracts. For item rate contracts, contractors are required to quote rates for individual items of work on the basis of a schedule of quantities furnished by the customer. The design and drawings are provided by the customer. The contractor bears almost no risk in these contracts, except escalation in the rates of items quoted by the contractor, as it is paid according to the actual amount of work on the basis of the per-unit price quoted.
What describes annual percentage rate?
An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
What causes shortness of breath and fatigue?
Shortness of breath and fatigue can be caused by various factors such as heart conditions, lung diseases, anemia, thyroid issues, or simply being out of shape. It is important to consult a healthcare provider to determine the underlying cause and receive appropriate treatment.
What is entire contract provision?
federal tax rate on modified endowment contracts
