Time and Material Services Sample Clauses
The Time and Material Services clause defines how compensation is calculated for services based on the actual time spent and materials used, rather than a fixed price. Under this arrangement, the service provider bills the client for labor at agreed hourly or daily rates, plus the cost of materials and possibly other expenses incurred during the project. This clause is commonly used when the scope of work is not fully defined or may change, providing flexibility for both parties. Its core function is to ensure fair payment for work performed while accommodating projects with uncertain or evolving requirements.
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Time and Material Services. A. For Services compensated on a time and materials basis, each Individual will submit a signed weekly timesheet, detailing the services performed, for written approval by the ERCOT Manager named in the SOW.
B. Each timesheet will indicate the ERCOT facility at which the Services were performed and whether any Services were performed at any location other than an ERCOT facility. Badge logging may be audited for verification of time charged.
C. Any Individual who provides Services for more than one project will separate, on his or her timesheet, the time spent on each project or for general services not related to a specific project.
D. Contractor will issue separate invoices each month for each SOW.
E. Contractor will enclose copies of the relevant signed weekly timesheets with each invoice.
Time and Material Services. The software maintenance services not in- cluded in the fixed price fee will be billed to the Customer on a time and material basis accord- ing to the currently applicable rates and conditions of the Supplier.
Time and Material Services. All Maintenance Services performed on a time-and-material basis under this Agreement will be invoiced upon completion of said Maintenance Services according to the following conditions; - Additional work quoted on a fixed price will be invoiced according to price specified on CWO. - Additional work quoted on a budgetary basis will be invoiced according to the actual cost; > Material and subcontracted work will be invoiced based on the supplier's or subcontractor's invoice plus handling charge as specified in the order. > Maintenance Services performed by EAS, will be invoiced according to the man-hours spent, including engineering, planning, procurement and quality control.
Time and Material Services. 4.1 This Section 4 shall apply solely to Services provided on a time and material basis as set out in the relevant Statement of Work.
4.2 DYOPATH will invoice Client for Services in accordance with the time and material rates as agreed by DYOPATH and Client.
Time and Material Services. Any work performed on systems not covered by a VOX Maintenance Agreement or Warranty is subject to the prevailing labor rates for time and material work.
Time and Material Services. In the event Customer enters into a Quote that includes Professional Services to be provided on a time and material basis (“T&M Hours”) and the Quote includes a total targeted number of T&M Hours to be purchased by Customer (“Total Target T&M Hours”), Customer hereby commits to utilize a minimum of seventy-five percent (75%) of the Total Target T&M Hours (“Minimum T&M Hours Guarantee”). If, at the end of the twelve (12) month period from the start date of the Quote (the, “12-Month Period”), Customer has not utilized T&M Hours to meet or exceed the Minimum T&M Hours Guarantee, PowerSchool, in its discretion and at its option, may invoice Customer for the amount equivalent to the difference between the T&M Hours for Professional Services actually rendered by PowerSchool to Customer and the Minimum T&M Hours Guarantee (the “T&M Delta”), and Customer shall pay such invoice in accordance with the terms of its Agreement. If Customer, at any time prior to the end of the 12-Month Period, notifies PowerSchool that Customer elects not to procure Professional Services equal to or exceeding the Minimum T&M Hours Guarantee, PowerSchool may immediately invoice Customer for the T&M Delta, and Customer shall pay such T&M Delta in accordance with the terms of the Agreement. For clarification, if Customer procures Professional Services exceeding the Minimum T&M Hours Guarantee, Customer shall pay for all Professional Services rendered by PowerSchool in excess of the Minimum T&M Hours Guarantee.
Time and Material Services