Document background
The Time and Materials SOW is essential for engagements where work effort and resource requirements cannot be precisely predetermined. This document type, governed by Indian law, is commonly used in professional services, IT projects, and consulting engagements where flexibility in resource utilization is crucial. It establishes the commercial and operational framework for billing based on actual time spent and materials used, typically including hourly or daily rates for different resource levels. The SOW addresses key aspects such as resource qualifications, performance metrics, billing procedures, and project governance while ensuring compliance with Indian legal requirements including the Contract Act, IT Act, and GST regulations. It's particularly suitable for projects with evolving scope or long-term engagements requiring variable resource allocation.
