Time and Material Contract (T&M)

Looking for flexibility in managing project costs while keeping control? Let’s explore the Time and Material Contract, or T&M!

A T&M contract combines elements of both cost-reimbursable and fixed-price contracts. You pay for time worked and materials used.

You need a T&M contract when scope isn’t fully defined, and you need flexibility with both time and resources.

To use it, set hourly rates and material costs upfront. The seller tracks time and materials, and you pay accordingly.

T&M contracts offer adaptability for evolving projects. Use it when you need control over costs without locking into fixed terms!

Project Management Bootcamp

Unlock your potential with our Project Management Bootcamp tailored for tech professionals, bridging the gap between technical expertise and effective project leadership, paving your way to that next big promotion!”

Coupons

Project Management Bootcamp

Coupon code: 33AC95D8789787182649

Custom price: $12.99

Start date: October 22, 2024 8:39 AM PDT

End date: November 22, 2024 8:39 AM PST

Measuring Project Performance – Earned Value Management

Coupon code: EA4007709D38C4C482FB

Custom price: $12.99

Start date: October 22, 2024 8:40 AM PDT

End date: November 22, 2024 8:40 AM PST

Leave a Reply

Your email address will not be published. Required fields are marked *