Common use of Pricing Arrangements Clause in Contracts

Pricing Arrangements. Individual Release Orders will identify the type of pricing arrangement that will apply. This BOA provides for issuance of Release Orders based on the pricing arrangements described below: (1) Time-and-Material (T&M). This type of Release Order will provide for establishment of a NTE Ceiling Price to complete the project/job based on an advance estimate provided by the Contractor. The Contractor will then be reimbursed for actual costs up to this NTE Ceiling Price for labor at the applicable hourly rates established in this BOA at the time of issuance of the Release Order and for material, subcontracts, and special equipment plus applicable xxxx-ups as established in this BOA. Refer to Clause K2 – Payments Under Time and Material Contracts in the General Terms and Conditions set forth in Part II.

Pricing Arrangements. Individual Release Orders will identify the type of pricing arrangement that will apply. This BOA provides for issuance of Release Orders based on the pricing arrangements described below: (1) Time-and-Material Time‐and‐Material (T&M). This type of Release Order will provide for establishment of a NTE Ceiling Price to complete the project/job based on an advance estimate provided by the Contractor. The Contractor will then be reimbursed for actual costs up to this NTE Ceiling Price for labor at the applicable hourly rates established in this BOA at the time of issuance of the Release Order and for material, subcontracts, and special equipment plus applicable xxxx-ups mark‐ups as established in this BOA. Refer to Clause K2 – Payments Under Time and Material Contracts in the General Terms and Conditions set forth in Part II.

Pricing Arrangements. Individual Release Orders will identify the type of pricing arrangement that will apply. This BOA provides for issuance of Release Orders based on the pricing arrangements described below: (1) Time-and-Material (T&M). This type of Release Order will provide for establishment of a NTE Ceiling Price to complete the project/job based on an advance estimate provided by the Contractor. The Contractor will then be reimbursed for actual costs up to this NTE Ceiling Price for labor at the applicable hourly rates established in this BOA at the time of issuance of the Release Order and for material, subcontracts, and special equipment plus applicable xxxxmark-ups as established in this BOA. Refer to Clause K2 – Payments Under Time and Material Contracts in the General Terms and Conditions set forth in Part II.