T&M Costs definition

T&M Costs means O&M Contractor’s actual, reasonable and verifiable (and reasonably documented) direct cost of labor (including home office labor directly performing the Services), support labor, material, equipment, services, tools, supplies, subcontracts, and utilities necessary to perform the T&M Services, plus ten percent (10%) for overhead and profit; provided that, with respect to any T&M Services for which a fixed fee has been specified in Exhibit A-2, “T&M Costs” shall mean the amount of such fee payable each time such T&M Service is performed.

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T&M Costs means the amount of such fee payable each time such T&M Service is performed.

T&M Costs has the meaning set out in section 16.2 of this Schedule E;

Examples of T&M Costs in a sentence

To the extent that Owner desires, at its option, to purchase additional Spare Parts beyond the Spare Parts purchased under the BOT Agreement, O&M Contractor shall supply such Spare Parts to Owner at T&M Costs.
Provided that the T&M Services are authorized by Owner or the express terms of this Agreement and rendered by O&M Contractor, such T&M Services shall be billed to Owner at the T&M Costs and shall be considered “Services” for the purpose of this Agreement.
Except as otherwise required by Applicable Laws, O&M Contractor shall keep books and records in accordance with generally accepted accounting principles with respect to T&M Costs, the Project or such other property in which Owner has an interest and which comprises or is used in connection with the Project for a period of seven (7) years after the applicable creation date of such book or record.
The mark-up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.
To the extent the Services performed to mitigate the Emergency were not caused by O&M Contractor’s or its Subcontractors’ negligence, willful misconduct or failure to perform Services required to be performed hereunder, O&M Contractor shall be reimbursed at T&M Costs for any costs or expenses incurred in taking such action to prevent, avoid or mitigate such Emergency.
O&M Contractor shall be reimbursed at T&M Costs for any costs or expenses incurred in taking such action to prevent, avoid or mitigate such Emergency, provided said Emergency was not caused in whole or in part by O&M Contractor or its Subcontractors’ negligence, willful misconduct or failure to perform Services required hereunder.
Without limiting the foregoing, O&M Contractor shall use commercially reasonable efforts to maximize net profit, energy production, and Project efficiency; to optimize the useful life of the Project; to utilize O&M Contractor’s personnel in the performance of the Services; and to minimize Project downtime and T&M Costs, including by scheduling outages during non-daylight hours and working evenings to return the Project to service to limit downtime during daylight hours.
The ▇▇▇▇-up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.
The ▇▇▇▇ -up included in the T&M Costs for any Spare Parts O&M Contractor procures for Owner shall be applied only to the base cost of the procurement and not to any taxes, shipping, handling or other item that the vendor includes on its invoice.
In consideration of the Fixed Fee and the T&M Costs payable to O&M Contractor for the T&M Services hereunder, O&M Contractor accepts such engagement and agrees to perform the Services in accordance with the terms and conditions hereof.