TIME-AND-MATERIALS CONTRACT

Project Management Glossary

Project Management — Time-and-Materials Contract

 

 

 

 

 

 

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Information on Time-and-Materials Contract

A time-and-materials contract is one in which the developer is paid to perform work based on the reimbursement of effort and resources. See also contract and fixed-price contract.

Other topics in our resources on Project Management related to Time-and-Materials Contract include: 
 
  • Contract
  • Acquisition
  • Work Package
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  • Deliverables
  • Statement of Work (SOW)
    		•
  • Acquirer
  • Fixed-price Contract

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