A _____ is a contract used on small jobs with a high degree of uncertainty in which the contractor might charge an hourly rate for labor, plus the cost of materials, plus a percentage of the total costs.
A) labor-hour contract
B) service contract
C) supply contract
D) research and development contract
E) time and materials contract

Question

Quizplus · Accepted Answer

A time and materials contract is used for small jobs with uncertain costs where the contractor charges an hourly rate for labor, plus the cost of materials, plus a percentage of the total costs. This type of contract is often used in construction, maintenance, and repair work.

A _____ Is a Contract Used on Small Jobs with a High