Time and materials contract definition

Time and materials contract means a contract under which the contractor is paid:

Time and materials contract means a contract where the contractor is

Time and materials contract means a contract under which the contractor

Examples of Time and materials contract in a sentence

• A Time and materials contract shall not be awarded without the express written permission of the federal agency or state pass-through agency that awarded the funds.

• Charges Installation of Approved BackflowPrevention Assembly - Time and materials contract Service Visit Charge - $75.00 (per Rule 10 & 11) plus Premises Inspection Charge - $75.00 per hour prorated for time spent.

• Time and materials contract mean a contract whose cost to the Village is the sum of the actual costs of materials, and direct labor hours charged at fixed hourly rates that reflect wages, general and administrative expenses, and profit.

• If the contract includes a ceiling price that the contractor exceeds at its own risk.b. Time and materials contract means a contract whose cost to the district is the sum of the actual costs of materials, and direct labor hours charged at fixed hourly rates that reflect wages, general and administrative expenses, and profit.

• Time and materials contract will therefore influence, either in a positive or negative manner, the effect of the quality of client-supplier relationships on the likelihood to achieve strategic innovation.

More Definitions of Time and materials contract

Time and materials contract means a contract under which the contractor is paid: 811 (a) the actual cost of direct labor at specified hourly rates;

Time and materials contract means a contract to incorporate construction materials into real estate with the charge for the labor and materials being separately stated and the final contract price being dependent on the cost of the materials and the amount of labor it actually takes to complete the contract. Time and materials contractors are considered retail merchants making retail transactions with respect to the sale of construction materials and must register as retail merchants with the Department. Contractors that perform time and material contracts must separately state the charge for any construction materials and must collect Indiana sales tax on the full sales price of the construction material including overhead and profit charges. (Effective March 18, 2004, sales tax must also be collected on delivery charges in a time and materials contract.) The construction materials used by a contractor in a time and materials contract should be purchased exempt by the contractor. The sales tax collected by the contractor must be separately stated on the invoice. A time and materials contractor would be entitled to the eighty-three hundredths of one percent (.83%) collection allowance for timely remittances. Exemption certificates and direct pay permits must be retained by time and materials contractors to prove their non-liability for collecting sales tax on a sale of construction materials. If a time and materials contractor purchases construction materials exempt from sales tax and subsequently uses those materials to fulfill a lump sum contract, the contractor would be subject to use tax on those materials.

Time and materials contract means a contract or agreement that provides an agreed price for materials supplied and labor performed. Time-and-material contracts shall state a dollar ceiling that may not be exceeded without the proper authority approval.

Time and materials contract means a contract where the contractor is paid: (a) the actual cost of direct labor at specified hourly rates;

Time and materials contract means a Contract where payment is or may be wholly or partially2 based on volume of services performed, usually at specified Hourly Bill Rates, as well as equipment, supplies, and incidental services for which there is not a labor category specified in the contract.

Time and materials contract means a contract where the effort is paid for at an hourly rate and all expenses and

Time and materials contract means a contract with its cost calculated by the sum of (1) the actual cost of materials; and (2) direct labor hours charged at fixed hourly rates that reflect wages, general and administrative expenses and profit. HACP may use a time and materials contract only (1) after a determination that no other contract is suitable and (2) if the contract includes a ceiling price that the contractor exceeds at its own risk. HACP shall assert a high degree of oversight in awarding such a contract to obtain reasonable assurance that the contract is using efficient methods and cost controls.