Time-and-material Definition
noun
(idiomatic, business) A 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.
Wiktionary
Other Word Forms of Time-and-material
Noun
Singular:
time-and-material
Plural:
time-and-materials
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