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What is Time and Materials?
A time and materials (T&M) contract bills you for hours worked at a set labor rate plus actual material costs, usually with a markup on materials. It's common for small repairs and unknown-scope work.
Examples
- $125/hour plus materials at cost + 20% for diagnostic plumbing work.
- Emergency electrical repair billed hourly.
- T&M with a not-to-exceed cap for scoping work.
Why this matters
MarkupAlert flags T&M quotes without a not-to-exceed cap — the single biggest cause of sticker shock on small jobs.
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