(a) An agency that provides services to another agency under a contract covered by this chapter shall establish a standard overhead rate. If an agency submits a proposal in response to a request for competitive sealed proposals, the agency must include its standard overhead rate within its proposal.
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Terms Used In Alaska Statutes 36.30.220

  • Contract: A legal written agreement that becomes binding when signed.
(b) In this section, “standard overhead rate” means a charge established for services and professional services from an agency that is designed to compensate the agency for administration and support services incidentally provided with the services contracted for.
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