Time and Materials (T&M) Sample Clauses

Time and Materials (T&M). The T&M pricing structure shall apply:‌ ✓ for Services delivered (or as agreed otherwise by the Parties); and ✓ for other aspects of the Services as may be agreed by the Parties. • T&M shall be calculated: o on a daily basis at the respective T&M rates for each Supplier Staff, for every day,‌ o or pro rata for every part of a day that the Supplier Staff are actively performing the Services • The relevant rates for such Supplier Staff is set out in the table below. • The Supplier shall provide a detailed breakdown of any T&M; with sufficient detail to enable the Buyer to verify the accuracy of the T&M Contract Charges incurred. • For the avoidance of doubt, no risks or contingencies shall be included in the Contract Charges in addition to the T&M. • The Supplier shall retain a record timesheet for all staff providing the Services; which the Buyer may request for inspection at all reasonable times on request. • T&M rates (excluding VAT) is an estimated cost for a SoW from Supplier proposal. If additional work is required. A further SoW is required. The Maximum Contract Charges may not be exceeded without consent from the Buyer. Please refer to Contract Change Note. Experience Level/ Day Rate/planned duration for this SoW Cyber Security Roles Practioner Day Rate £ Planned Duration No. of Days Senior Practioner Day Rate £ Planned Duration No. of Days Lead Practioner Day Rate £ Planned Duration No. of Days Total Remainder of value under Estimated Contract Charge: (23. of the Order Form minus All SoW total values) Is there any risk to exceed Estimated Contract Charge: Y/N & Comments below. Choose an item. Comments: Commented [A5]: GUIDANCE NOTE: insert full details of any information, assumptions, representations, risks and contingencies which the Parties are relying on in relation to the prices set out • Where Services for this SoW are being delivered on a Fixed Price basis, the Contract Charges set out in the table below shall apply. • The Parties acknowledge and agree that the following assumptions, representations shall apply in relation to the prices set out in the table below. • Fixed Price Contract Charges (excluding VAT) shall be applied as follows: Fixed Charge Description Service Period (or if Payment linked to Milestones then, Milestone Date) Breakdown By Role and Duration • Milestone Deliverable pricing shall be against the service delivery plan agreed by the Buyer and Supplier at the start of the SoW. • The Supplier must complete the Deliverable by th...