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单词 time and material contract
释义 time and material contract
[¦tīm ǝn mǝ`tir·ē·ǝl ´kän´trakt]
INDUSTRIAL ENGINEERING
A contract providing for the procurement of supplies or services on the basis of direct labor hours at specified fixed hourly rates (which rates include direct and indirect labor, overhead, and profit), and material at cost.
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