Common use of Time and Expense Clause in Contracts

Time and Expense. As full compensation for performance of the Work, CLIENT shall pay JAYCO a fee on a time and expense basis in accordance with the hourly labor rates, charges and payment provisions set forth in each separate SOW. Said hourly labor rates for JAYCO staff are based on the skill level and background required to perform the proposed Work. Any overtime authorized by CLIENT will be invoiced at the same hourly rate as regular time. Reasonable expenses, if agreed to, will be included. Invoices will include a summary of actual hours worked by JAYCO's employees engaged directly on the project and the pertinent billing rate. Direct non-salary expenses such as subcontractors, materials, travel expenses and other project costs and expenses will be itemized separately on each invoice for each separate portion of the work.