Common use of Hourly Rate Clause in Contracts

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement for payment for labor that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement will not be paid to the extent the work is performed by individuals that do not meet the specified qualification. (D) Seller shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreement) by evidence of actual payment and by individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreement, or other substantiation approved by Company. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement prescribes otherwise, hourly rates shall not be varied by virtue of Seller having performed work on an overtime basis. If overtime rates are provided, the premium portion will be reimbursable only to the extent the overtime is approved by Company.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means The rates shall be paid for all labor performed on the rate(s) specified in the Agreement for payment for labor contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualificationin the contract, unless specifically authorized by the Contracting Officer. (C) Invoices may be submitted once each month (or at more frequent intervals, if approved by the Contracting Officer) to the Contracting Officer or the authorized representative. (D) Seller When requested by the Contracting Officer or the authorized representative, the Contractor shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreementschedule) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications qualification s for the labor categories specified in the Agreementcontract, or other substantiation approved by Companyspecified in the contract. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Schedule prescribes otherwise, the hourly rates in the Schedule shall not be varied by virtue of Seller the Contractor having performed work on an overtime basis. . (1) If no overtime rates are providedprovided in the Schedule and the Contracting Officer approves overtime work in advance, overtime rates shall be negotiated. (2) Failure to agree upon these overtime rates shall be treated as a dispute under the Disputes clause of this contract. (3) If the Schedule provided rates for overtime, the premium portion of those rates will be reimbursable only to the extent the overtime is approved by Companythe Contracting Officer.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement this Contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement be paid for payment for all labor performed on this Contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) this Contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement this Contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualification. in this Contract, unless specifically authorized by LOCKHEED XXXXXX'x Procurement Representative. Invoices may be submitted once each month (Dor at more frequent intervals, if approved by LOCKHEED XXXXXX) Seller to LOCKHEED XXXXXX. When requested by LOCKHEED XXXXXX, SELLER shall substantiate invoices (including any lower tier subcontractor hours reimbursed at the hourly rate in the Agreementthis Contract) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreementthis Contract, or other substantiation approved by Company. (E) Unless otherwise prescribed specified in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000Contract. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Contract prescribes otherwise, the hourly rates in this Contract shall not be varied by virtue of Seller SELLER having performed work on an overtime basis. If no overtime rates are providedprovided in this Contract and LOCKHEED XXXXXX approves overtime work in advance, overtime rates shall be negotiated. If this Contract provides rates for overtime, the premium portion of those rates will be reimbursable only to the extent the overtime is approved by CompanyLOCKHEED XXXXXX.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement this Contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement be paid for payment for all labor performed on this Contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) this Contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement this Contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualification. in this Contract, unless specifically authorized by LOCKHEED XXXXXX'x Procurement Representative. Invoices may be submitted once each month (Dor at more frequent intervals, if approved by LOCKHEED XXXXXX) Seller to LOCKHEED XXXXXX. When requested by LOCKHEED XXXXXX, SELLER shall substantiate invoices (including any lower tier subcontractor hours reimbursed at the hourly rate in the Agreementthis Contract) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreementthis Contract, or other substantiation approved by Company. (E) Unless otherwise prescribed specified in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000Contract. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Contract prescribes otherwise, the hourly rates in this Contract shall not be varied by virtue of Seller SELLER having performed work on an overtime basis. If no overtime rates are providedprovided in this Contract and LOCKHEED XXXXXX approves overtime work in advance, overtime rates shall be negotiated. If this Contract provides rates for overtime, the premium portion of those rates will be reimbursable only to the extent the overtime theovertime is approved by CompanyLOCKHEED XXXXXX.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means The rates shall be paid for all labor performed on the rate(s) specified in the Agreement for payment for labor contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualificationin the contract, unless specifically authorized by the Contracting Officer. (C) Invoices may be submitted once each month (or at more frequent intervals, if approved by the Contracting Officer) to the Contracting Officer or the authorized representative. (D) Seller When requested by the Contracting Officer or the authorized representative, the Contractor shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreementschedule) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreementcontract, or other substantiation approved by Companyspecified in the contract. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Schedule prescribes otherwise, the hourly rates in the Schedule shall not be varied by virtue of Seller the Contractor having performed work on an overtime basis. . (1) If no overtime rates are providedprovided in the Schedule and the Contracting Officer approves overtime work in advance, the premium portion will overtime rates shall be reimbursable only to the extent the overtime is approved by Companynegotiated.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means the rate(s) specified in the Agreement for payment for labor that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, ; or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement will not be paid to the extent the work is performed by individuals that do not meet the specified qualification. (D) Seller shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreement) by evidence of actual payment and by individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreement, or other substantiation approved by Company. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement prescribes otherwise, hourly rates shall not be varied by virtue of Seller having performed work on an overtime basis. If overtime rates are provided, the premium portion will be reimbursable only to the extent the overtime is approved by Company.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means The rates shall be paid for all labor performed on the rate(s) specified in the Agreement for payment for labor contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualificationin the contract, unless specifically authorized by the Contracting Officer. (C) Invoices may be submitted once each month (or at more frequent intervals, if approved by the Contracting Officer) to the Contracting Officer or the authorized representative. (D) Seller When requested by the Contracting Officer or the authorized representative, the Contractor shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreementschedule) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreementcontract, or other substantiation approved by Companyspecified in the contract. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Schedule prescribes otherwise, the hourly rates in the Schedule shall not be varied by virtue of Seller the Contractor having performed work on an overtime basis. . (1) If no overtime rates are providedprovided in the Schedule and the Contracting Officer approves overtime work in advance, overtime rates shall be negotiated. (2) Failure to agree upon these overtime rates shall be treated as a dispute under the Disputes clause of this contract. (3) If the Schedule provides rates for overtime, the premium portion of those rates will be reimbursable only to the extent the overtime is approved by Companythe Contracting Officer.

Hourly Rate. (A) The amounts shall be computed by multiplying the appropriate hourly rates prescribed in the Agreement contract by the number of direct labor hours (DLH) performed. Fractional parts of an hour shall be payable on a prorated basis. The hourly rates shall include wages, indirect costs, general and administrative expenses, and profit. (B) Hourly rate means The rates shall be paid for all labor performed on the rate(s) specified in the Agreement for payment for labor contract that meets the labor category qualifications of a labor category specified in the Agreement that are performed by the Seller, performed by the subcontractors, or transferred between divisions, subsidiaries, or affiliates of the Seller under a common control. (C) contract. Labor hours incurred to perform tasks for which labor qualifications were specified in the Agreement contract will not be paid to the extent the work is performed by individuals that do not meet the qualifications specified qualificationin the contract, unless specifically authorized by the Contracting Officer. (C) Invoices may be submitted once each month(or at more frequent intervals, if approved by the Contracting Officer) to the Contracting Officer or the authorized representative. (D) Seller When requested by the Contracting Officer or the authorized representative, the Contractor shall substantiate invoices (including any subcontractor hours reimbursed at the hourly rate in the Agreementschedule) by evidence of actual payment and by payment, individual daily job timecards, records that verify the employees meet the qualifications for the labor categories specified in the Agreementcontract, or other substantiation approved by Companyspecified in the contract. (E) Unless otherwise prescribed in this Agreement, Company may withhold five percent of the amounts due under this paragraph, with the total amount withheld not to exceed $50,000. The amounts withheld shall be retained until the execution and delivery of a release by Xxxxxx as provided below. (F) Unless this Agreement Schedule prescribes otherwise, the hourly rates in the Schedule shall not be varied by virtue of Seller the Contractor having performed work on an overtime basis. . (1) If no overtime rates are providedprovided in the Schedule and the Contracting Officer approves overtime work in advance, overtime rates shall be negotiated. (2) Failure to agree upon these overtime rates shall be treated as a dispute under the Disputes clause of this contract. (3) If the Schedule provides rates for overtime,the premium portion of those rates will be reimbursable only to the extent the overtime is approved by Companythe Contracting Officer.