FieldQuo
Glossary / Running the job

Time and materials

Also called: T&M, Cost-plus, Day rate work

Charging for the hours worked and the materials used, plus an agreed markup, instead of a fixed price. It suits work whose extent genuinely cannot be known up front — chasing a leak, opening up an old building — and it requires records the customer will accept, which means hours logged as they happen rather than reconstructed. Whether you may bill this way at all on residential work varies: some provinces and states still require a written estimate or a ceiling price, so the arrangement is not always as open-ended as it sounds.

This one depends on where you work

The rule behind time and materials is set by the province or state the work is in, and the versions do not agree with one another. We have described the shape of it and deliberately not named a deadline, a cap or a percentage — check the rule where you work, or ask someone who practises there.

In FieldQuo — Materials on the job

FieldQuo records what went on site and what it cost against the job, which is the record a time-and-materials bill has to stand on.

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