What Is A Time And Materials Contract?

What is a time and materials contract? There's a lot of paperwork involved in construction but, in this video, we'll focus on T&M contracts. I'll explain the key features that are included in this document and share a few suggestions to help you manage this well and avoid running into common problems in your construction project!

Blog Post: https://elevateconstructionist.com/what-is-a-time-and-materials-contract/

Watch And Enjoy!
Jason Schroeder

Key Moments In This Episode
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00:00 Intro & Summary
00:22 What Is A Time & Materials Contract?
00:44 Key Features Of A T&M Contract: Hourly Rates
01:08 Key Features Of A T&M Contract: Material Costs
01:57 Key Features Of A T&M Contract: Flexibility
02:24 Key Features Of A T&M Contract: Risk Allocation
03:13 Key Features Of A T&M Contract: High Level Of Transparency
04:39 How To Avoid Wasting People's Time
05:26 Importance Of Verifying Time & Materials Tickets Daily
06:04 Common Problems & Potential Risks When Using Time & Materials Tickets
08:32 Tips For Managing Time & Materials Tickets In Construction
11:05 Reach Out To Us To Learn More

What To Watch Next
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What Is A GMP In Construction Management?
https://youtu.be/vLuAONCcHHA

Resources
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Check out our website for more info:
https://www.elevateconstructionist.com/

Access resources to elevate your operations:
https://www.elevateconstructionist.com/resources/

Listen to the Elevate Construction podcast:
https://www.elevateconstructionist.com/podcasts

Check out our training programs and certifications:
https://www.elevateconstructionist.com/training

Subscribe to my YouTube channel:
https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg?sub_confirmation=1
Learn More About Jason
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Jason Schroeder is the founder and COO of Elevate Construction IST, a company focused on elevating construction by providing valuable insights, effective solutions, and high-quality training. With his extensive experience in the construction industry, he created the Field Engineer Boot Camp and Superintendent Boot Camp, immersive training courses designed to produce high-performing leaders who can lead their teams in the right direction. Through Elevate Construction IST, he aims to scale his training programs throughout the nation to help more construction companies elevate their operations to the next level.


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Nate Woodbury - YouTube Producer
https://www.youtube.com/NateWoodbury

#Construction
#ProjectDevelopment
#ProjectManagement

Видео What Is A Time And Materials Contract? канала Jason Schroeder