In the time-and-materials method,individual jobs are priced based on materials and labor time.

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The time-and-materials method is a pricing strategy used in various industries, including construction and consulting services. This approach involves charging customers based on the cost of materials used in a project (such as equipment, supplies, and tools) and the amount of time required to complete the work. The total price is calculated by multiplying the hourly rate of the labor by the total number of hours worked, in addition to the cost of materials.

In the Time-And-Materials Method,individual Jobs Are Priced Based on Materials