Common use of Time and Materials Clause in Contracts

Time and Materials. If it is impractical, because of the nature of the work, or for any other reason, to fix an increase in price in advance, the Change Order may fix a maximum price which shall not under any circumstances be exceeded, and subject to such limitation, such alteration, modification or extra shall be paid for at the actual necessary cost as determined by the sum of the following items (1) to (5)

Appears in 23 contracts

Sources: Lease Leaseback Agreement, Lease Leaseback Agreement, Lease Leaseback Agreement