Common use of TIME AND MATERIALS SERVICES Clause in Contracts

TIME AND MATERIALS SERVICES. Contractor agrees to pay Supplier the rates set forth in Exhibit D, less the 1% NJ Procurement Efficiency Program Fee, or as otherwise agreed to, or as Exhibit D may be modified by a rate change, for all Customer-Approved billable hours for staff augmentation services rendered by Supplier during the term of this Agreement or as revised by paragraph 4.1.i.d below. Fees for any renewal of this Agreement shall be as mutually agreed by both parties. Supplier Resource must enter time into the timekeeping system of record, which is the VMS, on a weekly basis or as directed by the Contractor or Customer. In the event of a conflict between the invoice and the approved time within the VMS, the approved time within the VMS shall prevail.