Time and Materials Basis is a business agreement where the product or service provider charges based on actual time spent working, as well as the cost of any raw materials needed to complete the project. This type of pricing structure allows for more flexibility when implementing projects that may require extra-long hours or additional resources. It works especially well for businesses in which there is a high degree of customization or when an unpredictable scope of work needs to be completed. By opting for a Time and Materials Basis agreement, companies can rest assured knowing that their team has the support it needs without having to worry about going over budget.