Coefficient definition
Examples of Coefficient in a sentence
The most common After-Hours RS Means Coefficient is "time-and-a-half" of the standard RS Means Unit Price Book.
For example, if Vendor's Regular Hours Coefficient above is .95, Vendor would assert an After-Hours RS Means Coefficient of 1.45 for "time-and-a-half" pricing.
To propose the RS Means Price Book pricing exactly, Vendor would insert a 1.0 as their Regular Hours RS Means Coefficient below, to propose a 5% discount off of the RS Means Price Book Vendor would insert a .95 as their Regular Hours RS Means Coefficient below.
An explanation of the TIPS scoring of pricing titled "Pricing Coefficient Instruction" is included in the attachments for your information.
The Intraclass Correlation Coefficient (ICC) varied between 0.57-0.93 for items in the Danish and between 0.41-0.93 in the Finnish sample.