Time & Materials
Time and Materials (T&M) billing definition. Learn how to bill hourly with material markups for construction service work.
Calculation Formula
T&M Invoice = (Hours × Hourly Rate) + (Material Cost × Markup %) Time and Materials (T&M) billing definition. Learn how to bill hourly with material markups for construction service work.
T&M Invoice = (Hours × Hourly Rate) + (Material Cost × Markup %)