Schedule K - Hours and Amounts on T&M Contracts
From Knowledge base
Represents Hours multiplied by Contract Labor Category Amounts. Contractor and Subcontractor need to be reported separately.
FAR 52.216-7 reads,
"(K) Summary of each time-and-materials and labor-hour contract information, including labor categories, labor rates, hours, and amounts; direct materials; other direct costs; and, indirect expense applied at claimed rates."
