Examples of Day Rate in a sentence
All costs and rates quoted in the Main Bid Document and Bid Price Calculation Sheet must be in GBP (£) and all staff rates quoted in the tender must represent the Day Rate for employment of staff members.
Day Rate Period - unless otherwise specified in this tariff, the Day Rate Period applies during the hours of 8:00 a.m. to, but not including 5:00 p.m., Monday through Friday.
However, if due to any operational requirements/unforeseen circumstances Company dehires any Contractor Personnel in between, no Day Rate shall be payable for the desired personnel from the day of dehiring till rehiring.
In the event of Contractor’s failure to strictly adhere to providing the minimum requirement of key personnel as set out in the ‘Scope of Work’, in addition to other provisions of Contract, penalty shall be levied at the rate of 5% (five percent) of the Operating Day Rate for the period of non-availability of the Key Personnel.
For any stoppage of operations for such delays, no Day Rate will be applicable.