How the New Time and Materials (T&M) and Labor Hour (LH) Regulations Impact You
January 9, 2007
The FAR Council published two final rules permitting competitively awarded contracts for commercial items to qualify as commercial item contracts(with important limitations, including unprecedented rights to interview employees as part of a standard audit) and permitting contractors to bill for work performed by subcontractors on T&M/LH contracts in one of three ways (leaving it to each individual agency to decide which method to permit on the agency's contracts), while the DAR Council published and interim rule adopting the method of billing subcontractor labor that is likely to be least attractive to industry.
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Copies of the new regulations can be accessed at any time through the following links:
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