Hourly Rate(s) Basis definition
Hourly Rate(s) Basis means that an amount that will be charged for Contractor’s provision of a Material or Service or as a component of a charge for a Material or Service is based upon and shall be incurred based upon hours actually expended by persons in providing that Material or Service. Hourly Rate(s) for Materials and Services are given in Exhibit D.
Hourly Rate(s) Basis means that Consultant shall be paid for a Deliverable at the hourly rates applicable to Consultant’s employee(s) for their actual hours incurred in the performance of the Work, as well as actual Travel and Living Expenses rightly incurred, provided that the total of these amounts does not exceed the Not to Exceed Amount specified for that Deliverable in Exhibit F.
Examples of Hourly Rate(s) Basis in a sentence
Compensation for Deliverables to be paid for on an Hourly Rates Basis will in no event exceed the Not to Exceed Amount specified in Exhibit F for that Deliverable, regardless of the actual hours worked, costs, or expenses borne by Consultant in providing the Deliverable.
Deliverables shall be paid for on either a Fixed Price Basis or an Hourly Rates Basis.
Deliverables to be paid for an Hourly Rates Basis are subject to a price limit, the Not to Exceed Amount, specified for that Deliverable in Exhibit F.