A contract or pricing arrangement in which the customer pays the supplier for the actual labour hours worked at agreed hourly rates, together with the cost of materials and other allowable expenses. Unlike a fixed-price contract, the final contract value depends on the time and materials used to perform the work.
Time and Material (T&M)
A pricing arrangement where the customer pays for actual labour hours at agreed rates plus materials, so final value depends on usage.
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BD, capture and proposal alignment is something most organizations believe they already have, until a deadline exposes where it breaks. At WPS, a Health Solutions Company, the three functions were moving in parallel but not in sync, and the cost was showing up long before anyone started writing.
Casual drinks with the people who win federal business. Alongside AFCEA LA Space Industry Days.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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