D.C. Mun. Regs. r. 50-5030

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

Rule 50-5030 - TIME AND MATERIALS CONTRACTS AND LABOR HOURS CONTRACTS

5030.1

Time-and-materials contracts provide for acquiring supplies or services on the basis of:

(a) Direct labor hours charged at loaded fixed hourly rates, which include overhead, general and administrative expenses, and profit; and

(b) Materials (which may be charged either at their actual cost or at fixed unit prices, as specified in the contract).

5030.2

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

5030.3

Both time-and-materials contracts and labor hours contracts must specify a ceiling (not-to-exceed) amount.

D.C. Mun. Regs. r. 50-5030

Final Rulemaking published at 65 DCR 4406 (4/20/2018); amended by Final Rulemaking published at 68 DCR 11740 (11/5/2021)