What is the purpose of the Time and Material Pricing option in Buildertrend?

The Time and Material Pricing option in Buildertrend is designed to bill clients based on the actual time spent on a project and the materials used. This pricing model is particularly useful for projects where the scope of work may be uncertain or fluctuating, allowing for flexibility in billing as the work progresses.

By charging based on actual usage rather than a fixed price, it ensures that contractors are compensated fairly for the work they perform and the resources they expend during the project. This can help maintain transparency between the contractor and the client, as both parties can see the breakdown of costs in real time.

This pricing model is advantageous in situations where precise estimates are difficult to provide upfront, and it enables contractors to adapt to changes in project scope without financial disadvantage.