Contracts
Time and materials
A contract where the client pays for the time actually spent, usually at a day rate, plus costs. Often shortened to T&M.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
It's time and materials, so the bill depends on how long it takes.
Also called T&M.
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