LH definition
Examples of LH in a sentence
Maximum Rates for Standard IT Services LCATs shall only apply to T&M and L-H contract type Task Orders and to any T&M and L-H contract type CLINS in Task Orders with multiple contract types.
M and L-H Task Orders When preparing solicitations for T&M and/or L-H task order Contract Line Item Numbers (CLINs), the OCO must select one of the following provisions in the task order solicitation.
As defined in FAR Part 16, Type of Contracts, all types of Fixed-Price, Cost-Reimbursement, Incentive, Time-and-Materials (T&M), and Labor-Hour (L-H) are permissible for Orders under the Basic Contract.
Hawaiian LH Delta JPM [**] – Confidential treatment has been requested for the bracketed portions.
NUMERIC 25.2 BK 60 Contract Category Code CO = Cost; CF = Cost Plus Fixed Fee; CA = Cost Plus Award Fee; CI = Cost Plus Incentive Fee FP = Firm Fixed Price; FPAF - Fixed Price Award Fee; FPIF = Fixed Price Incentive Fee; LH = Labor Hour; PR = Products.
T&M and LH TO types may be utilized at the discretion of the TOCO if properly justified, documented, and approved.
The types of TOs that are authorized for use under this Multiple Award ID/IQ vehicle are Firm Fixed Price (FFP) with reimbursable line items for Other Direct Cost, Time and Material (T&M), and/or Labor Hour (LH).
Such payment obligation shall be allocated Pro Rata among the Series LH Partners.
Notes: MH means harder configuration (the least good results obtained in approval or extension of approval) LH signifies a less hard configuration.
The OCO should determine the Order type using the following order of precedence: Fixed-Price (all types) Cost-Reimbursement (all types) T&M or L-H Pursuant to FAR 16.601(c), T&M and L-H Orders require a Determination and Findings (D&F) by the OCO that no other Order type is suitable.