Section 5-D116. TIME AND MATERIALS CONTRACTS AND LABOR HOURS CONTRACTS

Latest version.

116.1Time-and-materials contracts provide for acquiring supplies or services on the basis of:
(a)Direct labor hours charged at fixed hourly rates that include overhead and profit; and
(b)Materials (which may be charged either at their actual cost or at fixed unit prices).
116.2A labor hours contract is a time-and-materials contract that does not involve materials. Both types of contracts should specify a ceiling price.

authority

The Director of the Office of Public Education Facilities Modernization, pursuant to section 702(b) of the District of Columbia Public Education Reform Amendment Act of 2007 (Act), effective June 12, 2007 (D.C. Law 17-9; D.C. Official Code § 38-451(b)) (2007 Supp.).

source

Notice of Emergency and Proposed Rulemaking published at 57 DCR 8514 (September 17, 2010)[EXPIRED]; as amended by Notice of Final Rulemaking published at 57 DCR 11189, 11204 (November 26, 2010).

                    
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