Time and Material

[BillingConsultants]

Time and Material Billing is a growing trend in our industry and can be very confusing to the project managers. We can help, our program is being used today by some of the top restoration companies. This program was developed by our founder who has over 25 years experience in the restoration industry as a General Contractor, Consultant and is considered one of the Top Time and Material Experts. You can read more about our founder at our website http://www.contractorbillingsolutions.com.

We offer Insurance Restoration Contractors a Free Trial and to make sure we meet your needs we will set up a demo to any type of scenario you give us. This will allow you the opportunity to see how our program will handle your own scenario.

Coming Soon: Online Web based billing program, Digital Locker to allow your client to review the billing. Estimating System and budget program.

If you have any questions please contact me @ sales@timematerialsoftware.com

Our Website: http://www.contractorbillingsolutions.com Fill our your Free Trial Form today

[Sentry]

It seems to me that by billing on time & material we are opening ourselves to close inspection of our real costs by insurors or other clients. That will reveal any margin, and then conversation might begin on what size margin is appropriate, including the salary of the owner. This is particulary true in the cleaning and water mitigation side of the business. Any thoughts?

[BillingConsultants]

Great Question, Time and Material is a blended method of billing and must not be confused with Cost Plus. Time and Material consist of Fixed Hourly Labor Rates based on published Labor Classifications. What this allows you to do is bill your labor based on the published hourly rate and labor classification and "NOT" by what you pay the individual. So you have fixed rates on Labor, Equipment and Certain Materials, Vendors are billed at cost and your agreed mark up, and Reimbursables are billed at cost and your agreed mark up - Remember these are published on your Contract so your Client is agreeing to pay the published rates. Time and Material Billing is very popular for Immediate Response for Mitigation for Large Commerical Losses and especially Catastrophe's. I have set up databases in the last 4 months for 6 major insurance companies and a number of Large National Clients (Retail, Industrial, Food Industry to name a few). I hope I answered your question and if you would like to discuss more please email me at support@timematerialsoftware.com


Thank you