Common use of Pricing Arrangements Clause in Contracts

Pricing Arrangements. Individual Release Orders will identify the type of pricing arrangement that will apply. This BOA provides for issuance of Release Orders based on the pricing arrangements described below: (1) Time-and-Material (T&M). This type of Release Order will provide for establishment of a Not-to-Exceed Price to complete the Project/job based on an advance estimate provided by the Contractor. The Contractor will then be reimbursed for actual costs up to this Not-to-Exceed Price for labor at the applicable hourly rates established in this BOA at the time of issuance of the Release Order and for material, Subcontracts, and special equipment plus applicable mark-ups as established in this BOA. Refer to Clause I1 in the General Terms & Conditions set forth in Part II (with all specific provisions for Time and Material Contracts therein applying to this T&M type of Release Order, and specifically and without limitation, the Not-to-Exceed Price therein applying to this Not-to-Exceed Price).

Pricing Arrangements. Individual Release Orders will identify the type of pricing arrangement that will apply. This BOA provides for issuance of Release Orders based on the pricing arrangements described below: (1) Time-and-Material (T&M). This type of Release Order will provide for establishment of a Not-to-Exceed Price to complete the Project/job based on an advance estimate provided by the Contractor. The Contractor will then be reimbursed for actual costs up to this Not-to-Exceed Price for labor at the applicable hourly rates established in this BOA at the time of issuance of the Release Order and for material, Subcontracts, and special equipment plus applicable mark-ups ▇▇▇▇-ups as established in this BOA. Refer to Clause I1 in the General Terms & Conditions set forth in Part II (with all specific provisions for Time and Material Contracts therein applying to this T&M type of Release Order, and specifically and without limitation, the Not-to-Exceed Price therein applying to this Not-to-Exceed Price).