Time and Materials Contract

Time and Materials Contract is a contractual agreement where the client agrees to pay the contractor based on the actual cost of labor and materials used, plus an agreed-upon markup for overhead and profit.

This type of contract is useful when the scope of work is not fully defined.

Contractors who estimate accurately win more profitable work. Projul handles estimating in minutes with templates, assemblies, and built-in change order tracking that over 5,000 contractors rely on daily.