Contracted Rate means the determined expense or reimbursement amount for a network provider's services, treatments, or supplies, as decided by an agreement between the provider and a health benefit plan issuer.
The contracted rate is the total amount (including cost sharing) that a group health plan or health insurance issuer has contractually agreed to pay a participating provider, facility, or provider of air ambulance services for covered items and services, whether directly or indirectly, including through a third-party ...
Contracted Rate - The cost per room night that the hotel provides event attendees in exchange for the planner's bulk room purchase. The contracted rate could differ based on room type or hotel.
The contract rate is specified in the contract. This is the daily rate of interest payable by the defaulting party in the event of a breach of contract. It usually refers to the Law Society Interest Rate, but can also refer to a rate which is a percentage above the base rate of a particular high street bank.
The average hourly rate of a general contractor varies depending on the region of the country in which they are working, their level of experience, and the type of work that they are doing. However, on average, general contractors typically charge between $75 and $125 per hour for their services.
A contract employee is an individual hired by a company to complete a specific project or assignment for a defined period, typically under the terms of a written contract. Unlike regular employees, contract employees are often hired on a temporary or project basis and may not receive the same benefits or job security.
For example, if you sign a hotel contract for 100 room nights and your contracted attrition is 80%, you are required to book 80 room nights (or 80% of the total), or you will have to pay a penalty.
Yes, you can book a hotel room for a few hours. Many hotels offer day use rooms or hourly rates, particularly for travelers looking for a short stay to rest, take a nap, or work before continuing their journey.
Contracted Fee means the fee determined in terms of an agreement between the Scheme and a service provider or group of providers in respect of the payment of relevant health services.
The total contract value is a business metric that measures the full amount of revenue a customer contract brings in by taking into account recurring revenue and any one-time fees like onboarding, professional services, etc.
Your age – In general, mature drivers have fewer accidents than less experienced drivers, particularly teenagers. Insurers generally charge more if teenagers or young people below age 25 drive your car.
A contract employee's salary is the amount of money they receive for performing work for their clients on a freelance basis. Specific contract employees' salaries vary based on the industry they work in, their experience and how much they charge their clients for their services.
A contract price is a monetary figure that has been agreed upon in a contract, to be received in exchange for goods or services.
Contracted Amount means, collectively, the Expected Capacity Savings and the Expected Shifted Deferral Savings.
A 20% attrition rate means that 20% of an organization's workforce has left over a given period, such as a year, without being immediately replaced. Whether a 20% attrition rate is considered high depends on the industry, the nature of the job, and the organization's norms.
An attrition rate describes turnover during a set period of time. It's the key metric that gives HR professionals insight into employee retention. In general, companies should strive to have a low attrition rate. According to experts, healthy organizations have an attrition rate of 10% or less.
While some staff turnover is expected, unusually high attrition rates (anything over 20 percent) may indicate problems with your people strategy. These issues might include poor company culture, low staff engagement, inadequate compensation, ineffective management, or low job satisfaction.
Often, contract workers can earn more money than full-time employees because they can often charge higher rates due to specialized knowledge. Many work for multiple organizations or clients simultaneously.
What Is an Hourly Contract? An hourly contract is a legal agreement between two parties in which the independent contractor charges the client an hourly rate for the time taken on the project. There are two standard types of contract—an hourly contract and a fixed fee contract.
Contract employees may be called independent contractors, 1099 employees, or freelancers, and are considered self-employed workers who operate on a contract basis for clients. The contractor completes work for the client's company but is not on the company's W-2 payroll.
How Much to Pay a Contractor Up Front: A Guide to Contractor Deposits. Most down payments fall between 10% and 25% of the project cost. Contractors should never ask for more than 50% up front. Never pay in full before work has begun.
The actual calculation
To calculate your own ideal hourly rate, divide your adjusted annual salary (your desired annual salary + your costs and expenses) with your number of billable hours, and then round up this figure, to the nearest dollar.
In high-demand markets, particularly during housing booms, contractors can charge premium rates due to limited availability. Fewer contractors taking on projects can drive up the costs because clients have fewer options.