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By securing Passthrough services, your internal HR staff members can focus on other tasks associated with your contingent workers. The Passthrough service steps into that role, handling everything from payroll to tax filings to benefit administration for that segment of your workforce.
Under a pass-through arrangement, the contracting authority and service agree a fixed rate for the employer's contribution rate. If this amount varies, the service provider can recover the amount of any increase from the contracting authority through an adjustment to the contract price.
What is a liquidating agreement? A liquidating agreement in construction is an agreement between a contractor and subcontractor where the contractor liquidates its liability to the subcontractor but only to the extent it is able to recover for the subcontractor's claim from the owner.
Pass-through costs are fees paid towards other companies who operate and maintain the electricity network. These charges are approved each year by the energy regulator and are charged by all suppliers.These charges have always been there, but are generally included within the standing charge, unit rate or both.
Pass-through costs The service provider is passing a cost directly through to the client without adding any value or assuming risk. Resale Perhaps the most common of pass-through costs, is the service provider re-selling a product (hardware, software, etc) with the client having the financial risk.
Pass Through Electricity Contract: You agree to some, not all rates and charges upfront, with the remainder being 'passed through' to you at cost. Pass Through Pros: Consumer takes on more risk, which lowers the costs. Enables you to benefit if costs fall in the future.
A Liquidation Agreement is an agreement between two or more partners to end a business partnership. By entering into this agreement, you will not immediately terminate the partnership, but instead the partnership will continue until the "winding up" of the business is concluded.
Generally, a pass-through claim is one where a party who has suffered damages asserts a claim against a third-party believed to be responsible through one or more intervening parties that has a contract with the alleged responsible party.