Predetermined rate definition

Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during the period. Except under very unusual circumstances, a predetermined rate is not subject to adjustment. (Because of legal constraints, predetermined rates are not permitted for Federal contracts; they may, however, be used for grants or cooperative agreements.) Predetermined rates may not be used by governmental units that have not submitted and negotiated the rate with the cognizant agency. In view of the potential advantages offered by this procedure, negotiation of predetermined rates for indirect costs for a period of two to four years should be the norm in those situations where the cost experience and other pertinent facts available are deemed sufficient to enable the parties involved to reach an informed judgment as to the probable level of indirect costs during the ensuing accounting periods.
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Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the organization's fiscal year. The rate is based on an estimate of the costs to be incurred during the period. A predetermined rate is not subject to adjustment.
Sample 1Sample 2Sample 3
Predetermined rate means an indirect cost rate, applicable to a specified current or fu- ture period, usually the organization’s fiscal year. The rate is based on an estimate of the costs to be incurred during the period. A pre- determined rate is not subject to adjust- ment.
Sample 1Sample 2Sample 3

Examples of Predetermined rate in a sentence

  • Predetermined rate agreements in ef- fect on the date of this contract shall be in- corporated into the contract Schedule.

  • Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the organization's fiscal year.

  • Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the organization’s fis- cal year.

  • Predetermined rate agreements in effect on the date of this subcontract shall be incorporated into the subcontract Schedule.

  • Predetermined rate agreements in effect on the date of this subcontract shall be incorporated into the subcontract schedule.

  • Predetermined rate agreements in effect on the date of this contract shall be incorporated into the contract Schedule.

  • Predetermined rate'' means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year.

  • At the end of the extension period, you must negotiate a new indirect cost rate.◼ Predetermined rate is applicable to a specified cur- rent or future period and is not subject to adjustment.

  • Predetermined rate agreements in effect on the date of this Agreement or subsequently established do not change any monetary ceiling or specific cost allowance or disallowance provided for in this Agreement.

  • The appropriate Government rep- resentative and the Contractor shall estab- lish the final indirect cost rates as promptly as practical after receipt of the Contractor’s proposal.(c) Allowability of costs and acceptability of cost allocation methods shall be deter- mined in accordance with FAR subpart 31.3 in effect on the date of this contract.(d) Predetermined rate agreements in ef- fect on the date of this contract shall be in- corporated into the contract Schedule.


More Definitions of Predetermined rate

Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during the period. Except under very unusual circumstances, a predetermined rate is not subject to adjustment. (Because of legal constraints, predetermined rates are not permitted for Federal contracts; they may, however, be used for grants or cooperative agreements.) Predetermined rates may not be used by governmental units that have not submitted and negotiated the rate with the
Sample 1Sample 2Sample 3
Predetermined rate. ’ means an indirect cost rate, applicable to a
Sample 1
Predetermined rate means an indirect cost rate, applicable to a specified current or future period, usually the governmental unit's fiscal year. This rate is based on an estimate of the costs to be incurred during
Sample 1

Related to Predetermined rate

  • Maturity Value means the Accreted Value of any Capital Appreciation Bond on its maturity date.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Interpolated Screen Rate means, with respect to any Eurocurrency Loan denominated in any currency for any Interest Period, a rate per annum which results from interpolating on a linear basis between (a) the applicable Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than such Interest Period and (b) the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer than such Interest Period, in each case as of approximately 11:00 a.m. (London time) on the Quotation Day.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.