Common use of Time-and Material and Labor Clause in Contracts

Time-and Material and Labor. Hour Contract Types B.11.5.1 Maximum Rates for Time-and-material and Labor Hour Contract Types (a) APPLICABLE TO THE MASTER CONTRACT Maximum Rate Definition: “Maximum Rate” is a term that applies at the Master Contract level and is not necessarily a term used at the Task Order level. It represents and establishes maximum allowable labor rates in the form of burdened