Use this tag for questions about contracts where the invoiced value is based on the number of hours worked.
Use this tag for questions about contracts where the invoiced value is based on the number of hours worked.
A By-The-Hour contract (also known as time-and-materials) is one in which you get paid for each hour worked.
Compare with a fixed-price contract, whereby the client is billed for a fixed amount for the job, irrespective of the number of hours worked or expenses incurred.
