time and material

noun

A 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.”

Meanings

nountime and material (uncountable)
  1. 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
APA

time and material. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/time%20and%20material

MLA

“time and material.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/time%20and%20material. Accessed November 4, 2026.

Chicago

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.