oboloo Glossary

Time And Material Forms For Construction

oboloo Glossary

Time And Material Forms For Construction

Time and Material Forms for Construction is a contracting method commonly used in the construction industry where the contractor charges a rate based on the time they spend working and the materials they use. This means that the customer pays only for what they use, making it more cost-effective than other contract methods. With this method, all labor costs, material costs, and any other related expenses are clearly itemized and documented, giving the customer full transparency into their project’s budget. Time and Material Forms for Construction allows for faster project completion as well, since customers can quickly approve changes to designs or plans without waiting for long-term contracts to be reworked.