Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,906,878,736 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

time and materials

   Also found in: Legal, Acronyms 0.01 sec.
time and materials (T&M)
The time and total cost of all materials required to complete a construction job; often used where the cost of the job is otherwise difficult to estimate.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
Extensive experience with a diversity of contract types, including negotiated - maximum guaranteed price (around 50% of business), spec and bid - lump sum (25%) and time and materials (25%).
An additional 39% of revenues came from time and materials contracts, which have also drawn criticism because they pose additional risk of increased costs.
The single-award, time and materials, firm-fixed-price contract has a 42-month base period of performance with a one-year option and a total value of $18 million if the option is exercised.
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.