Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,906,878,630 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

time and material contract

    0.01 sec.
time and material contract [¦tīm ən mə′tir·ē·əl ‚kän‚trakt]
(industrial engineering)
A contract providing for the procurement of supplies or services on the basis of direct labor hours at specified fixed hourly rates (which rates include direct and indirect labor, overhead, and profit), and material at cost.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
The commercial environment normally uses fixed price or time and material contracts while the government continues to maximize the use of cost reimbursable contracts.
Sep 25, 2006 Luxair, Snecma Services Luxair signed an exclusive nine-year time and material contract with Snecma Services for MRO of its six CFM56-7s.
In general company officials said they rely more widely on other contracting vehicles, such as time and material contracts, particularly for new systems.
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.