T & M definition

T & M means fees will be charged on a time and materials basis. An initial deposit will be collected at the time of application submittal. Any unused deposit amount will be returned to the applicant following final action on the application.

Examples of T & M in a sentence

  • For the purposes of all qualifications listed in this section, contracts billed on a Time and Materials Basis (T & M) and certain fixed price contracts may be used.

  • If a Lump Sum cannot be determined, or agreement cannot be reached, or the Contracting Officer determines that work must be performed immediately, then the Contracting Officer will direct the Contractor to proceed on a T & M basis.

  • From the above records, the Contractor shall furnish THE UNIVERSITY completed daily work reports for each day's work to be paid for on a T & M basis.

  • T & M has provided the file so we can continue construction inspection.

  • The daily T & M work reports shall be detailed as follows:(a) Name, classification, date, daily hours, total hours, rate, and extension for each tradesman and foreman.

  • PR IMA R Y LOAN GUA R AN TEE COMMI T - M E N TS .—Th e a pp r op r i a t e levels of n ew p r i- m ary lo an g uaran t ee co mm i tm e n t s ar e a sfollows:F isc a l y e ar 1998: $315,472,000,000.

  • Time and material (T & M) labor rates shall be pre-approved by the District Representative for T & M work.

  • Keady, Jr., Consulting Engineer, T & M Associates and it is their recommendation that the contract be awarded to BLACKROCK ENTERPRISES,LLC in the amount of: $159,525.00 NOW THEREFORE BE IT RESOLVED, by the Township Committee of the Township of Middletown, County of Monmouth, State of New Jersey as follows:1.

  • LABOR CHARGES Where service by the Company is performed for which the customer is responsible and the charge for the service is based upon Time and Materials (T & M), the labor charge shall be: Regular Rates – $75.00 per hour per employee ($50.00 minimum charge).

  • A deficiency noted in the asphalt surface near the County road entrance area was corrected and T & M is monitoring the results.

Related to T & M

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.