Meanings
- idiomaticuncountablebusinessA form of contractual compensation involving payment for materials used and at agreed rates for the those involved in performing the services.
The remodelling of the second floor will be fixed-price, but the repair work has to be on a time and material basis.
Synonyms: time and materials
Synonyms & antonyms
nounA form of contractual compensation involving payment for materials used and at agreed rates for the those involved in performing the services.
Cite this entry
time and material. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/time%20and%20material
“time and material.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/time%20and%20material. Accessed November 4, 2026.
WatkinsX Dictionary, s.v. “time and material,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/time%20and%20material.
Source: time and material on Wiktionary, CC BY-SA 4.0.