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https://www.lawinsider.com/dictionary/contract-hours
Contract Hours means the contract hours for a settlement period which shall be calculated by multiplying the employee ’s weekly contract hours by twelve ( ie the number of weeks in a settlement period). For full time employees the weekly contract hours are 35, and the daily contract hours are seven. Sample 1. Sample 2.
http://www.candocontractingmi.com/contact-can-do-contracting-oscoda-mi
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https://www.acquisition.gov/far/16.602
Sep 13, 2021 · 16.602. Labor-hour contracts. Description. A labor-hour contract is a variation of the time-and-materials contract, differing only in that materials are not supplied by the contractor. See 12.207 (b), 16.601 (c), and 16.601 (d) for application and limitations, for time-and-materials contracts that also apply to …
https://www.acquisition.gov/sites/default/files/current/far/html/Subpart%2016_6.html
A time-and-materials contract provides for acquiring supplies or services on the basis of—. (1) Direct labor hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit; and. (2) Actual cost for materials (except as provided for in 31.205-26 (e) and (f)). (c) Application.
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