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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.
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What else can I help you with?
How can I write a contract for selling a car with payments?
To write a contract for selling a car with payments, include details such as the buyer and seller's names, car description, payment terms, interest rate (if applicable), payment schedule, consequences of default, and signatures of both parties. It's important to be clear and specific to avoid misunderstandings.
What are the terms and conditions of the car payment plan contract?
The terms and conditions of the car payment plan contract outline the details of the agreement between the buyer and the lender. This includes information about the monthly payment amount, interest rate, repayment schedule, late fees, and any other important provisions related to the loan. It is important to carefully review and understand these terms before signing the contract.
What are the key terms and conditions outlined in a debt agreement contract?
A debt agreement contract typically includes terms such as the amount of debt, interest rate, repayment schedule, consequences of default, and any collateral required. Conditions may include penalties for late payments, rights of the lender in case of default, and the process for resolving disputes.
Who determines the rate of interest paid on a bond?
Bonds have a predetermined rate of interest called the stated or contract rate, which is established by the board of directors.
What is the hourly rate for a government consultant?
That depends on a number of variables, however the contractors that are able to land a prime position are required to publish their standard rates on a GSA schedule. Rates vary based on labor category, which takes into consideration: The type of work or services to be offered; years of experience; education. To see for yourself, Google "GSA Schedule 70" and click on the GSA link. Select a company and click on the "Terms and Conditions" text document icon, which will lead you to the rates for that company. Note that the published rate for a particular company is not necessarily the rate they charge since rates can vary based on contract.
Which drug schedule has the lowest abuse rate?
Schedule V
Do you have to pay a higher interest rate other than the one on contract?
Depends if the terms of the contract allows the interest rate to be changed.
Can collection agencies double your interest rate?
Read the contract. If the contract says they can...
Do you have to claim contract labor wages on an income tax form?
Yes. Schedule C is Profit or Loss from Business. Contract labor wages are reported on Schedule C (or Schedule C-EZ) as income by the recipient and deducted as expenses by the payer. The payer deducts contract labor as a business expense in Part II Expenses and/or Part III Cost of Goods Sold. The recipient reports contract labor wages as income in Part I Income.
How can you download the the PWD rate schedule?
desk top
What happens during isokinetic exercise Muscles contract at a constant rate. Muscles contract and relax to move a joint. Muscles do not contract at all. Muscles contract with very little body movement.?
Muscles contract and relax to move a joint. ... Muscles contract at a constant rate. Muscles contract and relax to move a joint.
How many days does a car dealer have to notify you of higher interest rate?
Every car loan contract is required to specify if the original interest rate can be raised. If the interest rate can be race the contract should specify the amount of time they have to notify the contract participants.
How can I write a contract for selling a car with payments?
To write a contract for selling a car with payments, include details such as the buyer and seller's names, car description, payment terms, interest rate (if applicable), payment schedule, consequences of default, and signatures of both parties. It's important to be clear and specific to avoid misunderstandings.
What are the terms and conditions of the car payment plan contract?
The terms and conditions of the car payment plan contract outline the details of the agreement between the buyer and the lender. This includes information about the monthly payment amount, interest rate, repayment schedule, late fees, and any other important provisions related to the loan. It is important to carefully review and understand these terms before signing the contract.
What is different tax table and tax rate schedule?
No differences
After signing a contract. Can i renegociate my high interst rate ?
The only way you could do this is if they defrauded you in the contract.
Will the bond proceeds always be less than the face amount of the bonds when the contract rate is greater than the market rate of interest?
Yes, when the contract rate is lower than the market rate you have to take less money for people to be willing to accept the lower rate.
