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The time and materials contract is one method of pricing work. Arrangement in which a contractor is paid on the basis of (1) actual cost of direct labor, usually at specified hourly rates, (2) actual cost of materials and equipment usage, and (3) agreed upon fixed add-on to cover the contractor's overheads and profit (income).
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What is non combustion?
The meaning of noncombustion is "material unable to be burned".
How do the meanings tell you what happens during photosynthesis?
The meaning of photosynthesis is synthesizing food material by using light.light and co2 are used turn glucose in soluble forms during day time.
What is the meaning of flat cord wire?
flat cord it is an electrical supplies or material ^-^
How does the material of the container affect its melting time of the ice?
Hot material generally melts more readily than cold material.
What is the medical term meaning Mass of material that travels through the bloodstream and blocks a vessel?
embolism
Define work by force account contract?
Force Account work is work performed under contract that is billed as time and material
How we can use the word contract as a verb?
Contract meaning become shorter: The heart contracts and blood is expelled into the veins. Contract meaning a legal agreement to do something: We will contract you to deliver the pamphlets Contract meaning to become ill from some disease; He contracted AIDS from a blood transfusion
What is a time materials contract?
It's a time of legal contract between two entities (Service Provider and Client) that Project Managers use. The other type of contract is a "fixed rate contract". The properties of a time and material contract are easy to understand: The team providing services to the client has a fixed billing rate. the more time is spent on a project, the more money the client pays for the service/good offered. In other words, suppose that my billing rate is 800 USD per day. I (the Service provider) will deliver a service that client needs, stating that this will take 2-4 days, and that this is a time&material contract. the client will be billed 1600 - 3200 USD, based on how much time was spent. in a fixed rate contract, I would inform that the service will cost 1600 USD. if for any reason, the project is delayed , the additional cost will be paid by me.
Do any types of contracts or contract situations increase risk?
Yes, there are types of contracts that are more risky. A time and material's contract has the least risk for the seller. A fixed fee contract can be very risky for the seller, but also has some downsides to the buyer.
What is the meaning of identured servant?
One party under contract to do service for another party for a specified amount of time.
What do you tell a customer who wants to know what you paid for every material?
If the price of the job was agree to in a contract, you don't need to tell them anything. If it is on a time and material basis, then you have to itemize every item, if they want you to.
Does any breach of contract allow the non breaching party to cancel the contract?
Not every breach allows a contract to be cancelled. It has to be a material breach.
What is the difference between a material breach of contract and a nonmaterial breach of contract?
A non-material breach would be one that does not really disadvantage either party, such as delivering green widgets instead of red widgets when they are going to be pained anyway. A material breach would be one that has a negative affect on them, such as failing to deliver the widgets on time and prevent them from making their final product.
What is the meaning of kitchen material?
kitchen material is a material does not exist other.
What is the medical term meaning wave of increased pressure produced in the vessels each time the ventricles contract?
Pulse or systolic pressure.
What is meaning of AMC?
Anual Maintanance Contract
Can you sue a company for promising i have proof of this promise to deliver a product to you at a certain time and not delivering the product when promised?
You may sue for breach of this promise only if the failure to make the delivery on time is a material breach of the contract and if you suffered monetary damages as a result of the breach. The promise to deliver at a specific time is not automatically a material provision of the contract per se although it can be made so within the contract itself. Never the less, even if it is a material provision and if it has been breached, you may not sue if you have suffered no monetary damages as a result of the failure to make an on time delivery.
