fatboy
Administrator
Not sure who is still using this model, a lot of jurisdictions along the CO Front Range are.
My question, something that has not come up in the 20 years I have been here, is on the interpretation of the language in the Schedule "each additional $(dollar increment) or fraction thereof"
We have always, as far back as I can track it, interpreted that to mean that if there is any amount over the exact dollar increment specified, it rounds up to the next exact dollar increment, the next full $100, or next full $1,000.
I had a contractor question it, saying he thought the intention was to calculate any fraction thereof, at the rate given, without rounding.
After re-reading it with that premise in mind, the language quoted could suggest that also.
So, how do you folks that use this Schedule, or variations of it, interpret and calculate it?
My question, something that has not come up in the 20 years I have been here, is on the interpretation of the language in the Schedule "each additional $(dollar increment) or fraction thereof"
We have always, as far back as I can track it, interpreted that to mean that if there is any amount over the exact dollar increment specified, it rounds up to the next exact dollar increment, the next full $100, or next full $1,000.
I had a contractor question it, saying he thought the intention was to calculate any fraction thereof, at the rate given, without rounding.
After re-reading it with that premise in mind, the language quoted could suggest that also.
So, how do you folks that use this Schedule, or variations of it, interpret and calculate it?