Common use of Time and Materials Charging Policy Clause in Contracts

Time and Materials Charging Policy. It is the policy of HII that all time actually spent and all materials actually used in performing government contracts shall be accurately reported in accordance with established procedures and applicable legal requirements, and that all reported labor and material costs shall be charged only to the contract(s) for which they were properly incurred. (1) the knowing or deliberate mischarging of costs or time, and (2) the alteration of completed time sheets, except to correct errors.