Common use of Contract Pricing Clause in Contracts

Contract Pricing. 5.1 This is a Time and Expense Contract. Reimbursements made under the Purchase Order(s) associated with this Agreement shall only be for Emergency Work activities authorized under this Agreement, regardless of any other Purchase Orders, Agreements, or Contracts the Contractor may have with the Owner. 5.2 Pricing for Purchase Order payments of invoices received under this Contract shall be based on actual and verifiable hourly costs, and shall be in accordance with all Contract Documents, especially Schedule B, and shall be paid at the annual Labor and Equipment hourly rates as included as Schedule D. Contractor acknowledges that Owner will reimburse in accordance only with these rates, regardless of any agreement between the Contractor and any other entity. Owner will reimburse only for resources that are previously approved to mobilize. Rates not listed herein will not be reimbursed without written acceptance by the Owner prior to submittal of an invoice. 5.3 Reimbursement for rental of equipment, not set forth in the Agreement, or not otherwise identified and accepted in writing by Owner prior to mobilization, but verified by Contract Administrator as deployed at Owner’s request, shall be based on the requirements of Schedule A § 9.5.3.