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time and material

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.

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Submitted on September 01, 2009

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Nearby phrases

Some more phrases from our dictionary similar to time and material

time after timetime and tide tarry for no mantime is moneythrow enough mud at the wall and some o…this, that, and the othertime offthrow dirt enough, and some will sticktime is of the essencethere's many a slip twixt cup and lipthrough and throughtime banditthis, that, and the othertime and tide wait for no mantime flies when you're having fun

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