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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

thus and sothick and thinthrow enough mud at the wall and some o…through and throughtime after timetime is of the essencetime heals all woundstime and tide tarry for no manthis, that, and the othertime flies when you're having funtime alone will telltime is moneytime moves ontime and tide

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