time and material
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English
[edit]Pronunciation
[edit]Audio (General Australian): (file)
Noun
[edit]time and material (uncountable)
- (idiomatic, business) A form of contractual compensation involving payment for materials used and at agreed rates for the those involved in performing the services.
- Synonym: time and materials
- The remodelling of the second floor will be fixed-price, but the repair work has to be on a time and material basis.