WebApr 12, 2024 · Lump Sum vs. Time and Materials Contracts. Time and materials (T&M) contracts stipulate that the owner provides reimbursement for materials and a daily or …
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WebPayments Under T&M / LH Contracts Commercial Contracts Unless specifically identified in the contract, the gov’t will not separately pay: §“other direct costs” (e.g., incidental services for which there is not a labor category specified in the contract, travel, computer usage charges, etc.) §indirect costs (e.g., mat’l handling ... Web1 hour ago · Dist. Intermediate Educational Office Vs Income Tax Officer (TDS) (ITAT Hyderabad) ITAT Hyderabad held that payment to contract teachers doesn’t qualify as ‘fee for professional services’ and accordingly TDS under section 194J of the Income Tax Act not deductible. Facts- The common question that arises in both these appeals is whether the ... mcnairs building supplies glasgow
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