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
time is of the essencetime flies when you're having funtime burglartime is moneytime is of the essencetime offthird time's a charmthrow enough mud at the wall and some o…three wise monkeys, see no evil, hear n…there's many a slip twixt cup and lipthree score and tenthis, that, and the othertime heals all woundstime moves on
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"time and material." Phrases.com. STANDS4 LLC, 2024. Web. 25 Nov. 2024. <https://www.phrases.com/phrase/time-and-material_7550>.
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