LABOR HOUR CONTRACT
\lˈe͡ɪbəɹ ˈa͡ʊ͡ə kˈɒntɹakt], \lˈeɪbəɹ ˈaʊə kˈɒntɹakt], \l_ˈeɪ_b_ə_ɹ ˈaʊə k_ˈɒ_n_t_ɹ_a_k_t]\
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Time-and-material contract. Contractor accountable for doing the job, not supplying any materials. The contract owner / principal supplies necessary materials and pays a fixed rate compensation covering overhead , profit, and any other negotiated items. Contract covers a set number of labor or man hours or days, or ends when specific conditions are satisfied.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.