answersLogoWhite

0

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.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is an Item-Rate Contracts Or Percentage Rate Contracts?

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


What is entire contract provision?

federal tax rate on modified endowment contracts


When a rate is written as money per item a unit rate is called?

Unit price


What is the rate 2.50 for 10items?

25 cents an item.


What does flat rate mean?

It means the cost of shipping an item will be the same, no matter where it's being sent.


What was the cost of a postage stamp in Australia in 1929?

The cost of mailing a standard letter within Australia in 1958 was 4d (four pence). it was very shortly to sky rocket way up to 5d (five pence) the following year.


If the total price of an item is 93.60 and the sales tax rate is 7.25 percent how much will the item cost?

$100.39


How do you solve a unit rate?

you divide the money over the item.


What is infusion rate?

Drop rate is the term of how often an item drops in any game on a scale of percentage.


What is the pulls rate?

The pull rate refers to the likelihood of obtaining a specific item from a random draw or loot box in a game. It is usually expressed as a percentage or probability of getting that item in each draw.


What will be the tax rate in rajasthan for CST sales without C Form?

normal vat rate of particular item


How can you find unit rate?

To find the unit rate, divide the quantity of one item by the quantity of another item, ensuring that the second quantity is 1. For example, if you have 60 miles traveled in 3 hours, you would divide 60 by 3 to get a unit rate of 20 miles per hour. This method can be applied to various contexts, such as price per item, speed, or any rate comparison.