time and material

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A form of contractual compensation involving payment for materials used and at agreed rates for the those involved in performing the services.
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The remodelling of the second floor will be fixed-price, but the repair work has to be on a time and material basis.

Submitted on September 01, 2009

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Nearby phrases

Some more phrases from our dictionary similar to time and material

How to pronounce this phrase?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

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"time and material." Phrases.com. STANDS4 LLC, 2020. Web. 28 Mar. 2020. <https://www.phrases.com/phrase/time-and-material_7550>.

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