Time and materials (T&M)

By James Grokman, CEO, TapeAndFloat · Updated 2026-10-28

Time and materials is a way of pricing work by the hours actually worked plus the materials actually used, at agreed rates, instead of a fixed price.

Why it matters on a drywall job

T&M is common for repairs and extras where scope is hard to measure up front.
T&M tickets usually need daily sign-off to hold up at billing time.

Related guides and tools

Change order template and log
Unbilled change order calculator
All glossary terms

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¿Prefiere español? Tiempo y materiales (T&M).