Time and material has elements of both the unit price and cost plus approach. The owner pays the contractor on the basis of effort expended, but there is no fee as such. An important element of this method is that these labor and equipment costs must include all indirect and overhead expenses, profit and contingency, in lieu of payment of any extra "fee." Such a contract may include a list of hourly payment rates, for carpenters etc., with a premium in normal hourly rates to include indirect expenses and overhead.
Miami-Dade Florida is a county located in the southeastern part of the state of Florida, known for its vibrant cities, stunning beaches, and diverse cultural scene. The Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Materials is a specific type of contract used in the construction industry within this region. This type of contract is designed for building and construction projects where the owner provides the necessary materials required to complete the project. It is commonly used when the owner wishes to have more control over the quality and cost of the materials used in the construction process. The Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Materials is beneficial for owners who have specific preferences or unique materials they would like to incorporate into the project. It allows them to directly purchase and supply the materials, ensuring they meet their desired specifications. This contract also outlines the responsibilities and obligations of both the owner and the contractor. It typically includes provisions related to labor, pricing, project schedule, change orders, insurance, and liability. It ensures that both parties are aware of their respective roles and responsibilities throughout the construction process. There may be different variations or types of this contract specific to Miami-Dade County. Some possible variations could include: 1. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Residential: Specifically designed for residential construction projects, such as single-family homes or multi-unit residential buildings. 2. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Commercial: Tailored for commercial construction projects, including office buildings, retail spaces, or industrial facilities. 3. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Renovation: Intended for renovation or remodeling projects, allowing owners to supply materials for the updates or modifications required. 4. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Government: Created for government or public construction projects, ensuring compliance with specific regulations and requirements applicable to public entities. These variations cater to the different needs and objectives of owners and contractors in Miami-Dade County, providing flexibility and customization options for various types of building and construction projects.Miami-Dade Florida is a county located in the southeastern part of the state of Florida, known for its vibrant cities, stunning beaches, and diverse cultural scene. The Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Materials is a specific type of contract used in the construction industry within this region. This type of contract is designed for building and construction projects where the owner provides the necessary materials required to complete the project. It is commonly used when the owner wishes to have more control over the quality and cost of the materials used in the construction process. The Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Materials is beneficial for owners who have specific preferences or unique materials they would like to incorporate into the project. It allows them to directly purchase and supply the materials, ensuring they meet their desired specifications. This contract also outlines the responsibilities and obligations of both the owner and the contractor. It typically includes provisions related to labor, pricing, project schedule, change orders, insurance, and liability. It ensures that both parties are aware of their respective roles and responsibilities throughout the construction process. There may be different variations or types of this contract specific to Miami-Dade County. Some possible variations could include: 1. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Residential: Specifically designed for residential construction projects, such as single-family homes or multi-unit residential buildings. 2. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Commercial: Tailored for commercial construction projects, including office buildings, retail spaces, or industrial facilities. 3. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Renovation: Intended for renovation or remodeling projects, allowing owners to supply materials for the updates or modifications required. 4. Miami-Dade Florida Time and Material Building and Construction Contract — Owner to Supply Material— - Government: Created for government or public construction projects, ensuring compliance with specific regulations and requirements applicable to public entities. These variations cater to the different needs and objectives of owners and contractors in Miami-Dade County, providing flexibility and customization options for various types of building and construction projects.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
