Common use of Time & Materials Clause in Contracts

Time & Materials. If time and materials is the basis of compensation, then the amount in Column 4 is a “not-to-exceed” or maximum amount. Any hours worked for which payment would result in a total exceeding the amount in Column 4 is at no cost to the City. If the Consultant completes the task(s) for less than the amount set forth in Column 4, the Director (in the Director’s sole discretion) may use the cost savings to increase the budget of another task. The Director must authorize such reallocation of cost savings in writing.

Time & Materials. If time and materials is the basis of compensation, then the amount in Column 4 is a “"not-to-exceed” " or maximum amount. Any hours worked for which payment would result in a total exceeding the amount in Column 4 is at no cost to the City. If the Consultant completes the task(s) for less than the amount set forth in Column 4, the Director (in the Director’s 's sole discretion) may use the cost savings to increase the budget of another task. The Director must authorize such reallocation of cost savings in writing.

Time & Materials. If time and materials is the basis of compensation, then the amount in Column 4 is a “not-to-exceed” or maximum amount. Any hours worked for which payment would result in a total exceeding the amount in Column 4 is at no cost to the City. If the Consultant SCCOE completes the task(s) for less than the amount set forth in Column 4, the Director (in the Director’s sole discretion) may use the cost savings to increase the budget of another task. The Director must authorize such reallocation of cost savings in writing.