---
title: "Time and materials (T&M) | Drywall Glossary"
url: https://tapeandfloat.com/glossary/time-and-materials.html
language: en
author: James Grokman, CEO, TapeAndFloat
updated: 2026-10-28
---

# Time and materials (T&M)

**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](https://tapeandfloat.com/guides/change-order-template.html)
- [Unbilled change order calculator](https://tapeandfloat.com/unbilled-change-order-calculator.html)
- [All glossary terms](https://tapeandfloat.com/glossary/)

---

TapeAndFloat helps drywall and tape-and-float contractors keep up with the office side: bids, change orders, pay apps and follow-ups. Free 60-day pilot. If you stay on, we agree on the price with you up front.

**[Join the free pilot](https://tapeandfloat.com/office-assistant.html)**

_¿Prefiere español? [Tiempo y materiales (T&M)](https://tapeandfloat.com/es/glosario/tiempo-y-materiales.html)._