Is a Time and Material contract a cost reimbursement type contract?
A T&M contract is not a cost reimbursement contract. Materials are reimbursed at cost, but we pay an hourly rate for labor that does not fluctuate based on the contractor's cost experience. Most, but not all, contract types fit into the two broad categories of fixed-price and cost reimbursement. T&M doesn't fit into eitherone--it's a hybrid.
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