Time and Material is, as to any Service: (i) the product of any applicable Personnel Rates for each of the Contractor’s personnel that provided such Service, multiplied by the number of hours expended by such personnel on such Service; plus (ii) the product of any applicable Equipment Rates for each of the Contractor’s Equipment that provided such Service, multiplied by the number of hours expended by such Equipment on such Service; plus (iii) the costs the Contractor evidences, to the University’s reasonable satisfaction, to have been incurred for material consumed or installed as part of the Services (excluding any material for which the cost is included in the Hourly Rates); plus (iv) an amount equal to any Material Markup specified on Schedule A of any material cost described in (iii); plus (v) any Subcontractor Cost approved by the University in advance; plus (vi) an amount equal to any Subcontractor Markup specified on Schedule A of any such Subcontractor Cost. The Contractor shall provide UConn with such evidence of costs included in Time and Material as UConn may request. “University’s Representative” is, for matters relating to a Campus, the person identified in Article X, Section A as the University’s Representative for such Campus, or such other individual(s) as the University may designate in writing.
Time and Material in connection with a warranty claim is defined as follows:
Time and Material means any sale of goods and services, excluded from the scope of this Agreement and charged to the Company, which is subject to the ATR general terms and conditions of sale of goods and services;
Examples of Time and Material in a sentence
Profit on travel and ODCs is not allowable under Time and Material task orders.(The following two paragraphs are applicable to cost-reimbursement task orders):b.
For Time and Material work, submit itemized account and supporting data after completion of change, within time limits indicated in the Conditions of the Contract.
The Contractor shall be paid the amount approved or adjusted by the Owner, less 5% retainage which is being held to assure faithful performance; provided however, that said retainage is not applicable to Time and Material Change Orders.
Maintain detailed records of work done on Time and Material basis.
Firm Fixed Price and Time and Material task orders will be based on the rates applicable for the last period of performance of the GWAC, plus escalation.
More Definitions of Time and Material
Time and Material is, as to any Service: (i) the product of any applicable Personnel Rates for each of the Contractor’s personnel that provided such Service, multiplied by the number of hours expended by such personnel on such Service; plus (ii) the product of any applicable Equipment Rates for each of the Contractor’s Equipment that provided such Service, multiplied by the number of hours expended by such Equipment on such Service; plus (iii) the costs the Contractor evidences, to the University’s reasonable satisfaction, to have been incurred for material consumed or installed as part of the Services (excluding any material for which the cost is included in the Hourly Rates); plus (iv) an amount equal to any Material Markup specified on Schedule A of any material cost described in (iii); plus (v) any Subcontractor Cost approved by the University in advance; plus (vi) an amount equal to any Subcontractor Markup specified on Schedule A of any such Subcontractor Cost. The Contractor shall provide UConn with such evidence of costs included in Time and Material as UConn may request.
Time and Material is, as to any Service: (i) the product of any applicable Hourly Rates for each of the Contractor’s personnel that provided such Service, multiplied by the number of hours expended by such personnel on such Service; plus (ii) the costs the Contractor evidences, to the University’s reasonable satisfaction, to have been incurred for material consumed or installed as part of the Services (excluding any material for which the cost is included in the Hourly Rates); plus (iii) the costs the Contractor evidences, to the University’s reasonable satisfaction, to have incurred for equipment rental as part of the Services (excluding any equipment for which the cost is included in the Hourly Rates); (iv) an amount equal to any Material and Supply markup specified on Schedule A-1 of any material cost described in (ii); plus (v) an amount equal to any Equipment markup specified on Schedule A-1 of any equipment described in iii); plus (vi) any Subcontractor Cost approved by the University in advance; plus (vii) an amount equal to any Subcontractor markup specified on Schedule A-1 of any such Subcontractor Cost. The Contractor shall provide UConn with such evidence of costs included in Time and Material as UConn may request.
Time and Material is, as to any Service: (i) the product of any applicable Hourly Rates for each of the Contractor’s personnel that provided such Service, multiplied by the number of hours expended by such personnel on such Service; plus (ii) the costs the Contractor evidences, to the University’s reasonable satisfaction, to have been incurred for material consumed or installed as part of the Services (excluding any material for which the cost is included in the Hourly Rates); plus
Time and Material means the method of payment under which the Contractor accepts Extra Work defined in an Expenditure Authorization on a basis which reimburses the Contractor's cost to perform calculated with labor rates, expenses, fees, and markups pursuant to Exhibit Actual labor cost will be invoiced based on customer signed Long Term Services Agreement San Xxxx Combined Cycle Units 5 and 6 Proprietary and Confidential
Time and Material means (i) the hourly rate charged by Y-IT in respect of services rendered by it in accordance with Y- IT’s reasonable standard service charges from time to time and (ii) the costs of all material(s) used by Y-IT in rendering such services;
Time and Material. The Contractor shall perform the Services described in Exhibit A and shall invoice the City for work performed based on the rates and/or compensation methodology described in Exhibit B. Total compensation (including any and all mobilization costs, other costs, charges, fees, or other expenses that might otherwise be incurred by other contractors and payable as a reimbursable expense) shall not exceed $
Time and Material means the invoicing of Services not included in a Fixed Price based on a) the number of labor hours chargeable by Aeroman for such Services times the Labor Rate, b) Materials at its catalog price plus the Handling Fee, and c) Outside Services at their actual cost to Aeroman plus the Handling Fee.