Time and Materials Method Sample Clauses

Time and Materials Method. MTS may direct Contractor to proceed with the Additional Work with payments to be made on the basis of the actual cost of the labor and materials required to complete the Additional Work. If the Contractor fails to submit a complete cost proposal within the seven (7) calendar day period (or as requested), MTS has the right to order the Contractor in writing to commence the Work immediately on a time and materials basis and/or issue a lump sum change to the Contract price and/or Contract duration in accordance with MTS’s estimate. If the change is issued based on MTS’s estimate, the Contractor will waive its right to dispute the action unless within fifteen (15) calendar days following completion of the added/deleted work, the Contractor presents written proof that MTS’s estimate was in error. Contract change orders shall reflect “allowable costs,” as that term is defined in Part 31 of the Federal Acquisition Regulation (FAR). The Contractor shall show through its cost proposal the reasonableness of any claimed costs and demonstrate how these costs have a causal connection to the change or other action on which the claim is based. MTS will utilize the cost principles set forth in FAR Part 31 currently in effect, and as amended from time to time, to determine the allowableness of any cost submitted as part of the Contractor’s cost proposal. MTS will not compensate the Contractor for any unallowable cost submitted as part of the Contractor’s cost proposal.
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Time and Materials Method. 1. Whenever the AGENCY authorizes the CONTRACTOR to perform Work on a Time and Materials basis, AGENCY’s authorization shall clearly state: a. Scope of Work to be performed; b. Not to exceed amount of reimbursement as established by the AGENCY. 2. CONTRACTOR shall: a. Cooperate with AGENCY and assist in monitoring the Work being performed; b. The CONTRACTOR’s and subcontractors’ labor hours, materials, and equipment charged to work under the Time and Materials Method shall be substantiated by detailed time cards or logs completed on a daily basis before the close of business each working day. The CONTRACTOR shall initial each time card and/or log at the close of each working day. Records of the CONTRACTOR and subcontractors pertaining to work paid for on a Time and Material method shall be maintained and available for inspection as requested by the AGENCY or its representatives; c. Perform all work in accordance with this provision as efficiently as possible; and d. Not exceed any cost limit(s) without AGENCY’s prior written approval. 3. CONTRACTOR shall submit costs and any additional information requested by the AGENCY to support CONTRACTOR’s requested price adjustment.
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Time and Materials Method. 1. Whenever City authorizes the Contractor to perform work on a Time and Material basis, City’s authorization shall clearly state: a. Scope of work to be performed; and b. A not to exceed amount of reimbursement as established by City. 2. Contractor shall: a. Cooperate with City and assist in monitoring the work being performed; b. Substantiate the labor hours, materials and equipment charged to work under the Time and Materials Method by detailed time cards or logs completed on a daily basis before the close of business each working day; c. Present the time card and/or log at the close of business each day to the Engineer so that City may review and initial each time card/log; d. Perform all work in accordance with this provision as efficiently as possible; e. Not exceed any cost limit(s) without City’s prior written approval; and f. Maintain all records of the work, including all records of the Subcontractor, Supplier, and Materialmen, and make such records available for inspection as required in paragraphs 3.8, Record Documents, 3.9, Cost Records, and 3.10, Maintenance and Inspection of Document. 3. Contractor shall submit costs and any additional information requested by City to support Contractor’s requested price adjustment. 4. The Contractor shall only be entitled to be paid for reasonable costs actually incurred by the Contractor. The Contractor has a duty to control costs. If City determines that the Contractor’s costs are excessive or unreasonable, City, at its discretion, shall determine the reasonable amount for payment.
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Time and Materials Method. 1. Whenever the Owner authorizes the Contractor to perform Work on a Time and Material basis, Owner’s authorization shall clearly state: a. Scope of Work to be performed; b. A not to exceed amount of reimbursement as established by the Owner. 2. Contractor shall: a. Cooperate with Owner and assist in monitoring the Work being performed; b. The Contractor’s and subcontractors’ labor hours, materials, and equipment charged to work under the Time and Materials Method shall be substantiated by detailed time cards or logs completed on a daily basis before the close of business each workday. The Contractor shall initial each time card and/or log at the close of each workday. Records of the Contractor and Subcontractors pertaining to work paid for on a Time and Materials method shall be maintained and available for inspection as requested by the Owner or its representatives; c. Perform all work in accordance with this provision as efficiently as possible; and d. Not exceed any cost limit(s) without Owner’s prior written approval. 3. Contractor shall submit costs and any additional information requested by the Owner to support Contractor’s requested price adjustment. No change in the Contract Price shall be allowed to the extent (1) Contractor’s changed cost of performance is due to the fault, acts, or omissions of Contractor, or anyone for whose acts or omissions Contractor is responsible; (2) the change is concurrently caused by Contractor and Owner; or (3) the change is caused by an act of Force Majeure. The Owner shall not be responsible for, and the Contractor shall not be entitled to, unallowable costs. Unallowable costs include, but are not limited to, (1) interest or attorney’s fees of any type other than those mandated by California statutes, (2) claim preparation or filing costs, (3) the cost of preparing or reviewing Change Proposals or Requests for Change Orders, (4) lost profits, lost income or earnings, (5) rescheduling costs, (6) costs for idle equipment when such equipment is not at the Site, has not been employed in the Work and is not scheduled to be used at the Site, (7) lost earnings or interest on unpaid retention, (8) claims consulting costs, (9) the costs of corporate officers or staff visiting the Site or participating in meetings with the Owner,
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Time and Materials Method. 1. Whenever the County authorizes the Contractor to perform Work on a Time and Material basis, County’s authorization shall clearly state: a. Scope of Work to be performed; and b. A not to exceed amount of reimbursement as established by the County. 2. Contractor shall: a. Cooperate with the County and assist in monitoring the Work being performed; b. Substantiate the labor hours, materials and equipment charged to work under the time and materials method by detailed time cards or logs completed on a daily basis before the close of business each working day; c. Present the time card and/or log at the close of business each day to the Project Representative or County Inspector so that the County may review and initial each time card/log; d. Perform all Work in accordance with this provision as efficiently as possible; e. Not exceed any cost limit(s) without the County’s prior written approval; and f. Maintain all records of the work, including all records of the relevant Subcontractors and Suppliers, and make such records available for inspection as required in Article 3 provisions,3.10 Record Documents, 3.11 Cost Records, and 3.12
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Related to Time and Materials Method

  • Time and Materials If this contract is designated as a Time and Materials contract, invoicing and payment shall be as follows: (a) Consultant shall submit invoices, not more often than once a month during the term of this agreement, based on the cost for work performed in accordance with the Rate Schedule in the Scope of Work and authorized reimbursable expenses incurred prior to the invoice date. Invoices shall contain the following information: (i) Serial identifications of bills, i.e., ▇▇▇▇ No. 1; (ii) The beginning and ending dates of the billing period; (iii) A summary containing the total contract amount, the amount of prior ▇▇▇▇▇▇▇▇, the total due this period, percentage of work completed, the remaining balance available for all remaining billing periods, and a brief description of work completed during the billing period. (b) City shall make monthly payments, based on such invoices, for satisfactory progress in completion of the Scope of Work, and for authorized reimbursable expenses incurred.

  • Materials and Methods 86 2.1 PARTICIPANTS 87 We used baseline measurements from a convenience sample of participants in previous (3) and 88 ongoing cohort studies investigating the effects of rehabilitation on balance responses (Table 1). PD 89 participants were mild-moderate with bilateral symptoms (▇▇▇▇▇ and ▇▇▇▇ stage 2-3 (13)). All 90 participants provided written informed consent and all study procedures were approved by Institutional 91 Review Boards at the Georgia Institute of Technology and Emory University.

  • Billing Method 2.6.1 To receive payment for services rendered pursuant to this contract the Contractor shall submit a fully completed invoice for work previously performed to: 2.6.2 At a minimum, the invoice shall detail the following information: 2.6.2.1 Unique invoice number; 2.6.2.2 Contractor’s name, address, and telephone number; 2.6.2.3 Date of invoice and/or billing period; 2.6.2.4 Applicable Contract No.;

  • Payment for Labor and Materials (a) Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials ("LABOR AND MATERIAL COSTS") incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof except for the Permitted Encumbrances. (b) After prior written notice to Lender, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount or validity or application in whole or in part of any of the Labor and Material Costs, provided that (i) no Event of Default has occurred and is continuing under the Loan Agreement, the Note, this Security Instrument or any of the other Loan Documents, (ii) Borrower is permitted to do so under the provisions of any other mortgage, deed of trust or deed to secure debt affecting the Property, (iii) such proceeding shall suspend the collection of the Labor and Material Costs from Borrower and from the Property or Borrower shall have paid all of the Labor and Material Costs under protest, (iv) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which Borrower is subject and shall not constitute a default thereunder, (v) neither the Property nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, canceled or lost, and (vi) Borrower shall have furnished the security as may be required in the proceeding, or as may be reasonably requested by Lender to insure the payment of any contested Labor and Material Costs, together with all interest and penalties thereon.

  • Service Providing Methodology 1.3.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services. 1.3.2 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into equipment or property leases with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the needs of the business of Party B. 1.3.3 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer agreement, specifying the terms and conditions of the transfer of the assets.