daily ticket

Time-and-Materials Invoice Verification: Checking T&M Tickets Before You Pay

Time-and-materials billing has the weakest controls of any billing method in construction. There is no schedule of values to reconcile against and no fixed price to cap the exposure — just a stack of tickets claiming labor hours, equipment time, and material cost the contractor says were spent. Here is how to verify T&M tickets and reconcile them to the invoice before the payment goes out.