Common use of Time and Material Clause in Contracts

Time and Material. Where the time and material price method is selected by Owner, Contractor shall perform such authorized extra Work for the sum of: (i) the actual cost of direct labor (working foremen, journeymen, apprentices, helpers) that undertook the extra work; (ii) the actual cost of labor burden associated with (i); (iii) the actual cost of material used in performing the extra Work; (iv) the computed cost or actual cost of rental of major equipment; (v) actual costs of additional general liability insurance and performance bond (vi) the Markup Percentage Fee applied to items (i), (ii), (iii) and (iv) without any charge for administration and supervision including management, superintendents and general foremen, and the cost of or rental cost of small tools and minor equipment (defined as having a purchase price of less than $1,000). Owner and Contractor may agree in advance in a Change Order on a maximum price for Work priced on such basis, and Owner shall not be liable for amounts in excess of that maximum. (i) Direct Labor

Time and Material. Where the time and material price method is selected by Owner, Contractor shall perform such authorized extra Work for the sum of: (i) the actual cost of direct labor (working foremen, journeymen, apprentices, helpers) that undertook the extra work; (ii) the actual cost of labor burden associated with (i); (iii) the actual cost of material used in performing the extra Work; (iv) the computed cost or actual cost of rental of major equipment; (v) actual costs of additional general liability insurance and performance bond (vi) the Markup Percentage Fee applied to items (i), (ii), (iii) and (iv) without any charge for administration and supervision including management, superintendents and general foremen, and the cost of or rental cost of small tools and minor equipment (defined as having a purchase price of less than $1,000). Owner and Contractor may agree in advance in a Change Order on a maximum price for Work priced on such basis, and Owner shall not be liable for amounts in excess of that maximum. (i) Direct Labor

Time and Material. Where the time and material price method is selected by Owner, Contractor shall perform such authorized extra Work for the sum of: (i) the actual cost of direct labor (working foremen, journeymen, apprentices, helpers) that undertook the extra work; (ii) the actual cost of labor burden associated with (i); (iii) the actual cost of material used in performing the extra Work; (iv) the computed cost or actual cost of rental of major equipment; (v) actual costs of additional general liability insurance and performance bond (vi) the Markup Percentage Fee applied to items (i), (ii), (iii) and (iv) without any charge for administration and supervision including management, superintendents and general foremen, and the cost of or rental cost of small tools and minor equipment (defined as having a purchase price of less than $1,000). Owner and Contractor may agree in advance in a Change Order on a maximum price for Work priced on such basis, and Owner shall not be liable for amounts in excess of that maximum. (i) Direct Labor