Time and material

Noun

Definitions

1.NounA form of contractual compensation involving payment for materials used and at agreed rates for the those involved in performing the services.

"The remodelling of the second floor will be fixed-price, but the repair work has to be on a time and material basis."

The Daily Word NerdA new word, a puzzle, and a fun fact — free in your inbox every morning.

Free forever · unsubscribe anytime · all 14 newsletters

That email did not go through — please check it and try again.