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A burdened contract rate is the amount of money an employee earns. An unburdened contract rate is the amount of money an employer charges a third party for the employee to do work for the third party. For example, Company A employs Employee B to perform consulting work for Company C. Company A charges Company C $100/hour. Employee B receives $55/hour in compensation. The other $45/hour goes to Company A's overhead, general and administrative costs, etc. Thus, the burdened rate is $100/hour. The unburdened rate is $55/hour.

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What is schedule of rate contract?

A schedule of rates can be the Bill of Quantities (BOQ), where, based on the design issued by or on behalf of the Employer/Contracting Authority, a list with the items will be included, together with their rates. The items will be used when measuring and valuating the works done by the contractor for payment purpose. The BOQ consist of a list with these items described above, the quantity of each item, as estimated by or on behalf of the Employer/Contracting Authority, and the rates included by each bidder at the bidding time. The quantities and the rates allows the bidder to calculate his bid value and the Employer/Contracting Authority to award the contract based (also) on the value of the bid. The BOQ is used in construction contracts where there is a design issued by or on behalf of the Employer/Contractor Authority, which allow the estimation the quantity for each item of work. This will allow the payment of the actual work done by the contractor, at the rates included by the contractor in the BOQ, at the bidding time, and the lowest contract price possible, because the risk of the contractor is the lowest as regards the total cost of the contract. Another kind of contract can be the lump sum contract, when, because the actual quantities of works cannot be estimated due to the lack of the (detailed) design at the bidding time. Sometimes only a preliminary design or even only Employer's specifications exist at the bidding time, and the bidders are to estimate the final cost of the works, and to state which their bid value is. In order to cover the high degree of uncertainty when (detailed) design is not available, the bidders will declare higher contract values, and, therefore, the contract will be awarded with higher accepted contract price. by-sin


Does U.C.C. stand for uniform contract code?

I believe it is Uniform Commercial Code - I think it has to do with making state rules regarding interest rates and financing uniform.


What are the terms and conditions of the payment contract for the car?

The terms and conditions of the payment contract for the car outline the amount to be paid, the payment schedule, interest rates, late payment penalties, and any other relevant details regarding the financial agreement for purchasing the car.


What are the current CD rates at Chase Bank?

This depends on the amount you are investing and how long of a CD it is. The lowest APR you will get is 0.25 percent. The highest you will get is 3.00 percent, which is with a 4 year contract and a $10,000 investment.


How do you get out of contract?

Getting out of contract can be made by executing or exhausting the object of the contract or using applicable contract provisions that can get you out of contract.

Related Questions

Why you didn't renew your contract?

One reason to not renew a contract is if the rates or terms change.


Ask For Introductory Broadband Rates?

You may find a cheap broadband service that only gives you the low rates for the first few months of your contract. After that, the rates will go back up again. When you have to sign another two-year contract, you should always ask for the introductory rates. If you threaten to switch to a new provider, the company will probably give you back the cheaper rates that you had at the beginning of the contract.


What is lighthearted?

Lighthearted basically means when a person is feeling happy and carefree, and unburdened of troubles


What is the adjective of burden?

The adjective form of burden is burdened. I traveled with a heavily burdened cart. (Burdened is, of course, a past participle of the verb to burden, but past participles can also be used as adjectives.)


What the adjective for burden?

Burdened


What monetary policy will reduce inflation rates in a closed economy?

contract the money sypply


Difference between rate contract and running contract?

A rate contract sets predefined rates for specific goods or services, usually for a specified period of time. On the other hand, a running contract is an agreement that remains in force until either party decides to terminate it. Running contracts typically do not have preset rates and are more flexible in terms of changes to the scope of work.


If my alarm company was acquired by a big company then sold to another The new company increase rates 30 pct and has shown me my original contract that says it can raise rates Am I bound to it?

Probably not unless you can terminate the contract at any time without penalty.


Burdened is to overwhelmed as tired is to?

exhausted


What the past tense of burden?

Burdened


What actors and actresses appeared in Burdened - 2009?

The cast of Burdened - 2009 includes: Tony Rockefeller as The Stranger Staci Tagawa as Jenna


Which are the best providers of 3G contract phones in Berlin?

The three best providers of 3G contract phones in Berlin, Germany are: Vodafone, Telkom, and O2. All three providers have competitive and affordable contract rates.