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https://www.thebalancesmb.com/time-and-materials-contract-844534#:~:text=T%26M%20contracts%20can%20set%20a%20maximum%20number%20of,that%20is%20a%20common%20problem%20with%20T%26M%20contracts.
https://www.transit.dot.gov/funding/procurement/third-party-procurement/time-materials-contracts
A. Time-and-materials (T&M) contracts may be used for acquiring supplies or services. These contracts provide for the payment of labor costs on the basis of fixed hourly billing rates which are specified in the contract. These hourly billing rates would include wages, indirect costs, general and administrative expense, and profit.
https://www.acq.osd.mil/dpap/dars/pgi/attachments/2006d030_overview.pdf
T&M/LH contracts is at Alternate I of FAR 52.212-4. The payment clause for noncommercial T&M/LH contracts is at FAR 52.232-7. In addition to the clause at FAR 52.232-7, a noncommercial T&M/LH contract must also include the Allowable Cost and Payment Clause at …
https://www.acquisition.gov/far/16.601
(1) The contracting officer shall insert the provision at 52.216-29, Time-and-Materials/Labor-Hour Proposal Requirements-Non-Commercial Item Acquisitions With Adequate Price Competition, in solicitations contemplating use of a Time-and-Materials or Labor-Hour type of contract for noncommercial items, if the price is expected to be based on adequate price competition. If …
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https://www.crowell.com/pdf/time-materials_labor-hour-presentation.pdf
T&M / LH contracting not authorized [FAR 12.207] 4 ... » allows commercial T&M / LH Contracts for all types of services » adds restrictions beyond those in SARA § FAR Case 2004-015 » primarily addresses non-commercial T&M / LH contracts ... hours shown on the invoices.” ...
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