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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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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 the meaning of identured servant?

One party under contract to do service for another party for a specified amount of time.


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.


Why do roads expand and contract?

Roads expand and contract due to changes in temperature. When temperatures increase, the road material expands, and when temperatures decrease, the road material contracts. This continuous expansion and contraction can put stress on the road surface, leading to cracks and damage over time.


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 material alteration definition and how does it apply in the context of contract law?

Material alteration refers to a significant change made to a contract that affects its terms or conditions. In contract law, a material alteration can render the contract void or unenforceable if it is made without the consent of all parties involved. This means that any changes to a contract that are considered important or substantial must be agreed upon by all parties for the contract to remain valid.


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.


What the meaning of solid expansion?

Solid expansion refers to the increase in size or volume of a solid material due to changes in temperature or pressure. As the solid absorbs heat, its particles gain energy and vibrate more, causing the material to expand. This expansion can be reversible, meaning the solid will contract back to its original size when cooled.


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 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