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Awards won by Imaginary Cloud
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Time and materials

Time and materials (T&M) is a pricing model used in project contracts, where the client pays for the actual time spent by the service provider or contractor and the cost of materials or resources used. T&M contracts are typically more flexible and accommodate changes in project scope.

In a T&M contract, a client may hire a marketing agency to run an advertising campaign, paying for the agency's hours worked and the cost of advertisements, marketing tools, and other resources used during the project.

Go to blue arrow
back to glossary

Time and materials

Time and materials (T&M) is a pricing model used in project contracts, where the client pays for the actual time spent by the service provider or contractor and the cost of materials or resources used. T&M contracts are typically more flexible and accommodate changes in project scope.

In a T&M contract, a client may hire a marketing agency to run an advertising campaign, paying for the agency's hours worked and the cost of advertisements, marketing tools, and other resources used during the project.

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