Which of the Following Best Explains 'Time and Materials Contracts

question 30

Multiple Choice

Which of the following best explains 'time and materials contracts'? 

• A) The buyer agrees to pay the supplier all material costs and employee hours against pre-determined hourly rates and margins for services. 
• B) The buyer agrees to pay the supplier all material costs. 
• C) The buyer agrees to pay the supplier all employee hours against pre-determined hourly rates and margins for services. 
• D) The buyer agrees to pay the supplier all material costs and employee hours.