Definitions: T - Management & legal

time and materials contract

A time and materials contract is a type of construction contract that pays a set hourly rate for all labor performed and a predetermined markup on materials, but may not require that all work be completed within a time or cost limit.


References - time and materials contract

See the following for additional time and materials contract information:



Service Professionals that can help with time and materials contract issues



Common projects involving time and materials contract



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