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.
Construction Contract Example
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-01289BG
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Hillsborough Florida Time And Material Building And Construction Contract - Owner To Supply Materials?
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