T&M basis definition

T&M basis means time and material, at Lucent's then prevailing rates.
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Examples of T&M basis in a sentence

  • If the Contract is on a cost-plus or T&M basis and is in an amount exceeding $100,000 and Contractor enters into a subcontract with a Subcontractor to whom Contractor is subcontracting all or any portion of the performance to be rendered hereunder on a cost-plus or T&M basis in an amount exceeding $5,000, immediately after Contractor enters into such subcontract, Contractor shall send a copy of such subcontract to: Consolidated Edison Company of New York, Inc.

  • For Work performed on a T&M basis, Contractor shall submit reports which shall list the time and trades used, material consumed and types of equipment used on site and operating hours indicated.

  • All work performed on a T&M basis shall be subject to Article 12 (Warranties) above.

  • If the change is not defined well enough for a fixed price, or if there is not enough time to negotiate one, or if the parties do not agree on one, Contractor shall perform the change on a time-and-materials ("T&M") basis at rates for labor, equipment and materials approved by Con Edison.

  • Work performed on a T&M basis shall not be performed either in whole or in part on a premium time basis (including overtime, Saturdays, Sundays and holidays) unless Contractor obtains the prior written consent of Con ▇▇▇▇▇▇'s duly authorized representative.

  • Customer shall pay Licensor for its work resolving the situation giving rise to the suspension on a T&M basis, plus reasonable out-of-pocket expenses.

  • Once fees for Services reach this estimate, Successful Respondent will cooperate with Customer to provide continuing Services on a T&M basis.

  • In the event of any delay in Client’s performance of any of the obligations set forth herein or any other delays caused by Client, the milestones, fees and date(s) set forth in the SOW shall be adjusted on a T&M basis as reasonably necessary to account for such delays, and the adjustment shall be made by change order in accordance with the provisions of Section 1.2 above.

  • Except as may be expressly set forth in the applicable SOW, Client shall pay MRI fees for services performed to the date of termination on a T&M basis together with any expenses reasonably incurred in connection therewith.

  • If a dollar limit is stated in the applicable Quote/Proposal, the limit shall be deemed an agreed rate for both Client's budgeting and Company's compensation purposes; after the limit is reached, Company will continue to provide the Services on a T&M basis, if a Quote/Proposal for continuation of the Services is signed by the Parties.

Related to T&M basis

  • Dry weight basis means 100 percent solids (i.e. zero percent moisture).

  • Interest Basis means the First Interest Basis or the Second Interest Basis, as applicable.

  • Consistent Basis in reference to the application of GAAP means the accounting principles observed in the period referred to are comparable in all material respects to those applied in the preparation of the audited financial statements of the Borrower referred to in Section 6.6(a).

  • Eligible Basis has the meaning given to it in Section 42(d) of the Code.

  • Substitute Basis has the meaning specified in Section 2.9(b).