D.C. Mun. Regs. r. 27-4616

Current through Register Vol. 71, No. 24, June 14, 2024

Rule 27-4616 - TIME AND MATERIALS CONTRACTS AND LABOR HOURS CONTRACTS

4616.1

Time-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).

4616.2

A labor hours contract is a time-and-materials contract that does not involve materials.

4616.3

Both time-and-materials contracts and labor hours contracts should specify a ceiling price.

D.C. Mun. Regs. r. 27-4616

Source: Notice of Emergency and Proposed Rulemaking published at 57 DCR 8507 (October 8, 2010)[EXPIRED]; as amended by Notice of Emergency and Proposed Rulemaking published at 58 DCR 3086 (April 18, 2011)[EXPIRED]; as amended by Notice of Final Rulemaking published at 58 DCR 4565, 4583 (May 27, 2011)

Authority: The Board of Directors of the Not-for-Profit Hospital Corporation (Board), pursuant to authority granted by sections 105(a), 106(6), and 111 of the Not-for-Profit Hospital Corporation Establishment Emergency Amendment Act of 2010 (Act), effective July 7, 2010 (D.C. Act 18-476; 57 DCR 6937 (August 6, 2010), and applicable sections of any subsequent substantially identical emergency, temporary, or permanent legislation.