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Management
The essence and history of the Time & Material concept

Time & Material is a financial interaction model that involves the absence of a fixed sum for the entire project in advance. The final cost is calculated after the work is completed and consists of the cost of the specialists' work hours and their progress made during that time.This concept is based on two principles:Payment is made for the actual time worked.Maximum transparency of the result...

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Writer: Popova Anna 02.02.2024

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