Common use of Time and Expenses Clause in Contracts

Time and Expenses. payments will be made according to the following: 5.1 Payments for TIME will be equivalent to the number of hours expended by each job classification multiplied by the applicable Billing Rate. Work will be performed by personnel with the lowest reasonable skill levels and hourly rates. Further, when performing work for which they are over qualified, individuals will charge time at rates equivalent to skill levels commensurate with the work they perform.