Common use of TIME AND MATERIALS WITH NOT-TO-EXCEED (“T&M Clause in Contracts

TIME AND MATERIALS WITH NOT-TO-EXCEED (“T&M. [Note: T&M should be used only if no other method is suitable.] Agency will pay Consultant for completion of Services required under the WOC on the basis of T&M, up to the NTE amount established in the WOC. Billable items include: Loaded Costs– the NBR; or the actual direct salary rate paid to the specific employee(s) (up to the maximum rate approved in the WOC for the employee’s classification) productively engaged in work to complete the Services required under the WOC, plus profit and the approved overhead. Direct Non-Labor Costs (without xxxx-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 overhead. Subconsultant Costs (without xxxx-up, unless Agency’s Procurement Office notifies Consultant otherwise in writing) - the hourly labor rates and direct non-labor costs (as described above) that have been billed to Consultant and recognized by Consultant as valid, undisputed and payable.

TIME AND MATERIALS WITH NOT-TO-EXCEED (“T&M. [Note: T&M should be used only if no other method is suitable.] Agency will pay Consultant for completion of Services required under the WOC on the basis of T&M, up to the NTE amount established in the WOC. Billable items include: • Loaded Costs– the NBR; or the actual direct salary rate paid to the specific employee(s) (up to the maximum rate approved in the WOC for the employee’s classification) productively engaged in work to complete the Services required under the WOC, plus profit and the approved overhead. • Direct Non-Labor Costs (without xxxx-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 overhead. • Subconsultant Costs (without xxxx-up, unless Agency’s Procurement Office notifies Consultant otherwise in writing) - the hourly labor rates and direct non-labor costs (as described above) that have been billed to Consultant and recognized by Consultant as valid, undisputed and payable.

TIME AND MATERIALS WITH NOT-TO-EXCEED (“T&M. [Note: T&M should be used only if no other method is suitable.] Agency will pay Consultant for completion of Services required under the WOC on the basis of T&M, up to the NTE amount established in the WOC. Billable items include: Loaded Costs– the NBR; or the actual direct salary rate paid to the specific employee(s) (up to the maximum rate approved in the WOC for the employee’s classification) productively engaged in work to complete the Services required under the WOC, plus profit and the approved overhead. Direct Non-Labor Costs (without xxxxmark-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 overhead. Subconsultant Costs (without xxxxmark-up, unless Agency’s Procurement Office notifies Consultant otherwise in writing) - the hourly labor rates and direct non-labor costs (as described above) that have been billed to Consultant and recognized by Consultant as valid, undisputed and payable.