TIME AND MATERIALS WITH NOT-TO-EXCEED Sample Clauses

TIME AND MATERIALS WITH NOT-TO-EXCEED. (T&M) Agency will pay Contractor for completion of Services required under the Contract on the basis of T&M, up to the NTE amount established in the Contract. Billable items include:  Loaded Costs– Actual fully loaded billing rates (inclusive of labor, profit and overhead costs) for employees productively engaged in work to complete the Services required under the Contract, up to the maximum rate approved for the employee’s classification;  Direct Non-Labor Costs (without mark-up) - Approved travel costs (up to the rates established in Section B of this Exhibit) and other approved direct-non labor expenses that are not included in the fully loaded billing rates.  Subcontractor Costs (without mark-up, unless Agency’s Procurement Office notifies Contractor otherwise in writing) - the hourly labor rates and direct non-labor costs (as described above) that have been billed to Contractor and recognized by Contractor as valid, undisputed and payable. The dollar amount for T&M Services is entered in Section A.3, Compensation Summary Table.

TIME AND MATERIALS WITH NOT-TO-EXCEED. ODOC will pay Consultant for completion of Services required under the WOC, up to the NTE amount established in the WOC. In no case will Consultant’s hourly rate for time exceed the rates set forth in Exhibit B, Part 2.