Material and Equipment definition

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Material and Equipment means property, including without limitation all exploration, appraisal and development facilities together with supplies and equipment, acquired and held for use in Petroleum Operations. The words and phrases defined in the Contract but not defined above shall have the same meaning in this Accounting Procedure as is given to them in the Contract.

Material and Equipment means personal property, supplies and equipment (including capital equipment) acquired or held for use on or in connection with the Joint Venture.

Examples of Material and Equipment in a sentence

Unless otherwise stated in the applicable Work Order Package or Request, CONTRACTOR’s performance of the Work on a Time, Material and Equipment basis shall be paid at the hourly rates for the respective classifications as set forth in the Proposal.
The Pricing Basis for Work performed on Work Order Packages or Requests which reference this Master Agreement, shall be Lump-sum, Unit Price, Crew Hour Rate, or Time, Material and Equipment as set forth in the bid applicable to a specific Work Order Package or Request.
The Contractor alone shall be fully responsible for the safety, efficiency, and adequacy of his Construction Equipment, Material and Equipment, facilities and appliances, and for any damage which may result from their failure or their improper construction, maintenance, or operation.
All Material and Equipment furnished by the Contractor shall be new and unused and shall strictly conform to the Contract Documents.
Until final disposition, the Contractor shall protect and preserve all the Material and Equipment related to this Contract which is in his possession and in which the Owner has or may have an interest.
For Time, Material and Equipment Work, CONTRACTOR shall submit a copy of time sheets daily, for approval and retention by the ANAHEIM Representative, listing: employee name, classification, hours worked straight time and overtime, and identification of equipment and materials utilization and materials used.
Contractor shall be entitled to a mark-up for overhead and profit of 6% of the total of the Labor (including labor burden and Workers’ Compensation premium), Material, and Equipment for Contractor performed Work.
For Time, Material and Equipment Work, CONTRACTOR shall submit a copy of time sheets daily, for approval and retention by the ANAHEIM’s Representative, listing: employee name, classification, hours worked straight time and overtime, and identification of equipment and materials utilization and materials used.
For example, if a job' s cost exceed the planned cost for a month the Management team will drill down to the Material and Equipment cost, Labor Cost, and Subcontract Cost and determine where the deviation is.
Deliver products to site under provisions of Section 01600, Material and Equipment.

More Definitions of Material and Equipment

Material and Equipment shall have the meaning as set forth in Section 4 of this Agreement.

Material and Equipment means plumbing equipment, pipes and material;