What is Time-and-Materials Contract?

A Time-and-Materials contract is a common type of agreement used in the construction industry where the client pays for the actual time spent on a project and the materials used, rather than a fixed price. This type of contract provides flexibility for both the contractor and the client, as the final cost is determined by the actual work performed and materials used. This can be beneficial for projects where the scope of work is unclear or subject to change, as it allows for adjustments to be made as needed.One of the main advantages of a Time-and-Materials contract is that it provides transparency in terms of costs, as the client can see exactly how their money is being spent. It also allows for greater flexibility in terms of project changes, as adjustments can