Time and Materials Contract Template

This Time and Materials Contract (“Agreement”) is made and entered into on [Date], by and between:

Client: [Full Legal Name / Company Name]
Address: [Client Address]
Contact: [Phone, Email]

and

Contractor: [Full Legal Name / Company Name]
Address: [Contractor Address]
Contact: [Phone, Email]

Together referred to as the “Parties.”

1. Scope of Work

The Contractor agrees to provide services including:
[Describe the work or project scope].

The scope may be adjusted upon written approval by the Client.

2. Compensation

• Labor Rates: $[Rate] per hour/day for [Position/Role].

• Materials: Billed at actual cost plus [X%] markup.

• Invoices: Issued [weekly/monthly] with detailed records of time and materials.

• Payment Due: Within [X] days of invoice receipt.

Late payments may incur interest of [X%] per month.

3. Project Management

The Contractor shall maintain accurate records of time worked and materials purchased. Records must be made available to the Client upon request.

4. Changes to Work

Any changes to scope, rates, or schedule must be documented in writing and signed by both Parties.

5. Term and Termination

This Agreement begins on [Start Date] and continues until [End Date/Completion of Work].
Either Party may terminate with [X days] written notice. The Client shall pay for all work performed and materials purchased up to termination.

6. Warranties and Standards

The Contractor warrants that work will be performed in a professional manner consistent with industry standards. Materials shall be new and suitable for intended use unless otherwise approved.

7. Confidentiality

Both Parties agree to keep all proprietary and confidential information exchanged under this Agreement private and not disclose it to third parties.

8. Indemnification

The Contractor shall indemnify and hold harmless the Client from claims, damages, or losses resulting from the Contractor’s work, except where caused by the Client’s negligence.

9. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [State/Country].

10. Entire Agreement

This Agreement represents the entire understanding between the Parties and supersedes prior written or verbal communications.

Signatures

Client: ___________________________ Date: _________
Name/Title: [Full Name, Title]

Contractor: ________________________ Date: _________
Name/Title: [Full Name, Title]