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Builder-grade materials focus on neutrality and simplicity, so they have broad appeal. Conversely, premium materials offer various finishes, designs, and textures that personalize and elevate a homes overall aesthetic depending on the homeowners preferences.
What is a lot premium in new construction?
Premium homesites may be oversized or located on a corner of two streets, offer waterfront views or additional privacy from not having back neighbors. These homesites often come with a lot premium, meaning it will cost more to build the same home on that homesite than on a standard one.
What is contracting classification premium adjustment program?
CCPAP provides premium credits as a specific discount to employers who pay higher than average wages to employees classified within contracting class codes. The CCPAP discount is the percentage decrease that carriers issue to insureds who hold policies that contain contracting classification codes.
What is a premium and how does it work?
What Does Paying a Premium Mean? To pay a premium generally means to pay above the going rate for something, because of some perceived added value or due to supply and demand imbalances. To pay a premium may also refer more narrowly to making payments for an insurance policy or options contract.
What is a construction premium?
Premium is a term used in the construction and building industry to describe a higher quality or superior product or service. It refers to materials, products, or services that are of higher value, durability, and performance than standard options available in the market.
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In California, premium pay consists of a workers hourly rate, or straight time rate, in addition to nondiscretionary wages. These wages include attendance bonuses, incentive bonuses, hiring bonuses, and performance bonuses.
Related links
N.J. Admin. Code 12:235-12.2 - Definitions | State Regulations
Modified premium means the earned premium after application of any experience modification and prior to the application of an approved managed care premium
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