Contract Classification Sample Clauses
The Contract Classification clause defines how the agreement is categorized for legal, regulatory, or administrative purposes. It typically specifies whether the contract is considered, for example, a service agreement, a supply contract, or a consultancy arrangement, and may reference relevant laws or industry standards that govern such classifications. By clearly stating the contract's classification, this clause helps ensure that all parties understand the applicable rules and obligations, reducing ambiguity and potential disputes over the contract's nature.
Contract Classification. (A) This Contract is classified as a Risk Contract and pursuant to 42 CFR 438.812(a) the total amount the Department pays for carrying out the contract is a medical assistance cost.
(B) The Contractor shall provide all services required by this Contract and the Capitation Payments and any cost sharing from Enrollees shall be considered payment in full for all services covered under this Contract.
(C) The Contractor incurs loss if the cost of furnishing the services exceeds the payments under the Contract.
(D) The Contractor may retain all payments under this Contract.
(E) Pursuant to 42 CFR 438.6(e) the Contractor may provide services to Enrollees that are in addition to those covered under the State plan although, the cost of these services cannot be included when determining rates.
Contract Classification. This Contract is a purchase of service Contract for UCR (“Uniform Claims Reimbursement”) funds and a financial assistance Contract for non-UCR funds.
Contract Classification. This Contract is classified as a Risk Contract and pursuant to 42 CFR 438.812(a) the total amount the Department pays for carrying out the contract is a medical assistance cost.