Monthly Archives: August 2012

Time and Materials

Monday, August 13th, 2012

Why is contracts placed on a time and materials (T&M)  basis? There is no profit incentive for a contractor to effectively manage  either the time expended or the amount of materials used.  Overwhelming risk is with the buying  organisation. The risk can be somewhat mitigated if stringent measures are  taken throughout the procurement process to […]

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