Abbreviation for “Time & Materials” – a common method of pricing construction work where labor is billed at predetermined hourly rates and materials are usually priced at cost plus a predetermined mark-up or profit.Abbreviation for “Time & Materials” – a common method of pricing construction work where labor is billed at predetermined hourly rates and materials are usually priced at cost plus a predetermined mark-up or profit.Abbreviation for “Time & Materials” – a common method of pricing construction work where labor is billed at predetermined hourly rates and materials are usually priced at cost plus a predetermined mark-up or profit.

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