time and material: Benefits of T&M Contracts
- 09/03/19 04:46 PM
Time and material contracts (T&M) are typically used in construction projects. This is a form of contract wherein the contractor is paid for all their construction-related expenses (time and labor) as well as a specific amount of profit that’s agreed-upon beforehand. Initial construction and outsourcing projects were traditionally built upon fixed price models, but the T&M model is growing in popularity owing to its numerous benefits. Here are some of the benefits of T&M contracts. Benefits of T&M Contracts - What to Know In this article, we will review some of the benefits of T&M contracts and their practical use for construction projects. Time … (1 comments)
Time and material contracts (T&M) are typically used in construction projects. This is a form of contract wherein the contractor is paid for all their construction-related expenses (time and labor) as well as a specific amount of profit that’s agreed-upon beforehand. Initial construction and outsourcing projects were traditionally built upon fixed price models, but the T&M model is growing in popularity owing to its numerous benefits. Here are some of the benefits of T&M contracts.
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