time and material

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English[edit]

Pronunciation[edit]

  • Audio (AU)(file)

Noun[edit]

time and material (uncountable)

  1. (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.
    Synonym: time and materials
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