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.
The District of Columbia Time and Material Building and Construction Contract — Owner to Supply Materials is a legal agreement that outlines the terms and conditions regarding a construction project in the District of Columbia area where the owner is responsible for providing the necessary materials. This type of contract is commonly used when the owner wants to have more control over the material selection, quality, and cost management. Keywords: District of Columbia, Time and Material, Building and Construction Contract, Owner, Supply Materials, legal agreement, construction project, terms and conditions, material selection, quality, cost management. Types of District of Columbia Time and Material Building and Construction Contract — Owner to Supply Materials: 1. District of Columbia Residential Construction Contract — Owner to Supply Materials: This contract type is specifically designed for residential construction projects where the homeowner is responsible for sourcing and supplying the required building materials. 2. District of Columbia Commercial Construction Contract — Owner to Supply Materials: This contract type is used for commercial construction projects, such as office buildings, retail spaces, or warehouses, where the building owner takes charge of providing the necessary materials. 3. District of Columbia Renovation and Remodeling Contract — Owner to Supply Materials: This contract variant focuses on renovation or remodeling projects, allowing property owners in the District of Columbia to choose and provide the materials for the construction work. 4. District of Columbia Infrastructure Construction Contract — Owner to Supply Materials: This type of contract pertains to large-scale infrastructure projects, including roads, bridges, or public facilities, where the responsible entity or governing authority supplies the required construction materials. 5. District of Columbia Specialty Construction Contract — Owner to Supply Materials: This contract variation applies to specific types of construction projects, such as landscaping, swimming pool installation, or customized structures where the owner has a preference for supplying the necessary materials. 6. District of Columbia Public Works Contract — Owner to Supply Materials: This contract type is applicable to public works projects initiated by government entities or agencies in the District of Columbia where the owner bears the responsibility of providing the construction materials. 7. District of Columbia Educational Facility Construction Contract — Owner to Supply Materials: This contract variant specifically caters to the construction projects of educational institutions, where the school or college administration takes charge of providing the required building materials. 8. District of Columbia Healthcare Facility Construction Contract — Owner to Supply Materials: This contract type is designed for construction projects in the healthcare sector, including hospitals, clinics, or medical centers, where the facility owner supplies the necessary materials for construction. 9. District of Columbia Government Contract — Owner to Supply Materials: This contract variation is specifically meant for government-funded construction projects in the District of Columbia, where the government entity acts as the owner and supplies the required construction materials. In summary, the District of Columbia Time and Material Building and Construction Contract — Owner to Supply Materials is a versatile legal agreement, allowing owners to take control of supplying construction materials for a wide range of projects, such as residential, commercial, renovation, infrastructure, specialty construction, public works, educational facilities, healthcare facilities, and government projects.
