time and material
1
4.1
- noun
- Specialized
:
tiempo y materiales
- A Time and Materials contract makes sure this doesn't happen by empowering everyone involved to make changes.
- time and material contract
Examples
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The contract vehicle best suited to agile is the time-and-materials contract.
Academic text (2017) -
Second, time-and-materials contracts require close monitoring because contractors lack a financial incentive to keep labor costs down.
Academic text (2017) -
Time and materials contracts allow you to focus more on launching a working web project and less on following a script.
Blog text (32) -
Some projects are billed at time and materials, while others are fixed price based on an initial estimation of time.
Blog text (28) -
First, time-and-materials contracts are permissible only if the level of effort and requirements are unknown.
Academic text (2017) -
Back in the day, when we were primarily doing web design and development, the vast majority of our projects were billed under Time and Materials contracts.
Blog text (32) -
Since its inception, this contract has undergone four major revisions and is still a relevant example of a Time and Materials contract.
Blog text (32) -
Most of the contracts we saw simply stated that the required carpentry would be done on a time and material basis.
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For small roofing repair jobs, some firms work on a time and material basis.
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Some projects are billed at time and material, while others are fixed price based on an initial estimation of time.
How Certain
Surface Forms
Morphology
The phrase literally names the billing components—'time' and 'material'—so a B1 learner who knows those words can infer it refers to a pricing method based on actual time spent and materials used. This compositional, list-like pattern is common in business language and has clear parallels in many languages, supporting full transparency.
Etymology
The phrase time and material comes from a simple picture: a worker who charges for the hours on a clock (time) and for the things he uses (material). So, it means a way to charge where clients 'pay as work happens' and cover the real cost of time and materials.