Examples of Time and Material Basis in a sentence
Should the Owner elect to have any changed Work performed on a Time and Material Basis, the affected Contractor or Subcontractors shall perform such changed Work at actual cost as defined in Subparagraph 7.1.3.1 hereof plus the percentages for overhead and profit set forth in Subparagraph 7.1.3.1 hereof.
The Owner or Construction Manager shall at any time have the right to order extra Work to be performed on (a) Lump Sum Proposal, (b) Unit Prices, or (c) Time and Material Basis.
The repairs for errors in removal / installation and operational negligence’s, shipping damages should only be covered under “Exclusions” and are chargeable on Time and Material Basis for their extent only.
The Contractor shall maintain records and invoices for all costs associated with the Provisional Sum Work in accordance with the requirements specified in Section 9.09 Payment on Time and Material Basis.
Maintenance and Repair Services on a Time and Material Basis relates to the On-Call Repair Services to be provided by the Contractor for Comprehensive Services under I.A.3e, Exclusions.