Time & Materials definition

Time & Materials means that Services Fees shall be calculated, invoiced and paid based on the following concepts:

Time & Materials or “T&M” means a contract basis where payment is made for: (i) the delivery of direct labor hours at an agreed upon fixed hourly rate; and (ii) the reimbursement of related direct non-labor expenses; all pursuant to a specified scope of work.

Time & Materials means a pricing model whereby Fees are calculated based on time actually spent, and materials actually consumed, by Mphasis or its Representatives in the performance of the Services.

Examples of Time & Materials in a sentence

• MERCY CORPS By: Name: Title: ________________________________ By: Name: Title: ********************* INSTRUCTION TO DELETE AFTER READING There are 3 options for Schedule I: - Fixed Price - Cost Plus Fixed Fee (Cost Reimbursement) - Time & Materials – Fixed Labor Rates Please complete the appropriate option and delete the other options.

• We set this block to 80 hours of Tier IV (Senior Sys Admin) and 100 hours of Tier I (desktop support), but as a Time & Materials line item.

• Time & Materials ProgramThe City’s Time & Materials (T&M) program provides qualifying large-scale development projects with an option to take advantage of economies of scale, through billing of actual staff time and overhead, once a project is granted entitlement.

• INTRODUCTION THIS Time & Materials CONTRACT (“Contract”) is made and entered into this day of, 2024 by and between the City of Colorado Springs, a Colorado municipal corporation and home rule city, in the County of El Paso, State of Colorado, (the "City"), and(the "Contractor").

• EastBanc and Animo entered into four Time & Materials Statements of Work (“SOWs”) dated November 19, 2021, January 5, 2022, January 20, 22022, and January 27, 2022 for various software products and services.

• Unless otherwise set forth in the applicable SOW, the Services Fees shall be calculated using a Time & Materials model.

• Table 2 outlines sSome potential contract categories with potential associated milestones/metrics, payment schedules and payment terms, if applicable include, e.g.,Deliverable/Milestone (task based), Pay-for-performance, Time & Materials, Fixed Fee; however, the Company will evaluate payment terms based on the bid and the nature of the Program.

• Basis of Compensation Invoice Period Compensation 1 Time & Materials Fixed Fee Monthly Completion of Task(s) Completion of Work $9,000 Time & Materials Fixed Fee Monthly Completion of Task(s) Completion of Work $ Time & Materials Fixed Fee Monthly Completion of Task(s) Completion of Work $ Time & Materials Fixed Fee Monthly Completion of Task(s) Completion of Work $ Part 2 – Reimbursable Expenses No expenses are separately reimbursable.

• Infrastructure Consulting (annual recurring, billed as Time & Materials - if needed)This is a “block” of resources to provide services that are outside the scope of the managed support agreement.

• On July 8, 2022 EastBanc and sent a demand letter to Animo noticing the default under the Master Services Agreement and the four associated Time & Materials Statement of Work, and demanded payment by July 23, 2022.

More Definitions of Time & Materials

Time & Materials means services and materials which are billed at the rates set forth in Exhibit E being charged by OneNeck.

Time & Materials means that Services Fees shall be calculated, invoiced and paid based on the following concepts: a) Services Fees shall be calculated by multiplying the number of hours/days worked by OT in respect of the Services by the applicable hourly/daily rate set forth in the applicable SOW or Proposal, b) Milestones and acceptance criteria set out in the applicable SOW or Proposal shall only be used for project management purposes, and shall not affect OT’s ability to invoice the Customer for applicable Services Fees and Expenses, c) Customer is obligated to pay for completed Services as invoiced, regardless of whether all Services in the SOW or Proposal have been completed, and d) any reference to “total estimated services fees and expenses”, “total fee”, “maximum fee”, “fee quote” or “quoted fee” (or other similar phrases) shall be deemed to be a good faith estimate of the aggregate Services Fees which is provided for planning and budgeting purposes only, and shall not be deemed to be a binding guarantee that all of the Services will be provided for an aggregate Services Fee equal to or less than such estimate. 5.2 Модель времени и материалов. Если иное не установлено соответствующим РОУ или Предложением, Стоимость услуг должна рассчитываться с помощью "Модели времени и материалов". В контексте настоящего Соглашения, “Время и материалы” означает, что при расчете, выставлении счетов и оплате Стоимости услуг необходимо использовать следующие понятия: a) Стоимость услуг следует рассчитывать путем умножения количества часов/дней, отработанных компанией «ОТ» в связи с предоставлением Услуг, на соответствующую почасовую/повременную ставку оплаты, определенную в соответствующем РОУ или Предложении, b) Промежуточные сроки и критерии приемлемости, установленные соответствующим РОУ или Предложением, должны использоваться только в целях управления проектом и не должны влиять на право компании «ОТ» выставлять Заказчику счета на оплату соответствующей Стоимости Услуг и Расходов, c) Заказчик обязуется оплатить предоставленные Услуги согласно выставленным счетам, независимо от того, были ли все Услуги, определенные РОУ или Предложением, предоставлены полностью, и d) любые упоминания "общих предполагаемых расходов и стоимости услуг", "общей суммы платы", "максимальной суммы платы", "предложения суммы платы" или "предложенной суммы платы" (или другие аналогичные фразы) следует считать достоверной оценкой совокупной Стоимости услуг, которая предоставляется исключительно в целях пл...

Time & Materials means dayworks based on actual time and materials used specifically for one project at any time recorded on daywork sheets and billed in accordance with agreed rates and percentage mark-up;