Time-based billing

Time-based billing is a method where service providers charge clients based on the amount of time spent working on their project or task. For example, if an attorney spends two hours on a case, the client is billed for those two hours at an agreed hourly rate. This approach ensures that costs are directly related to the actual time and effort invested. It’s common in professions like legal, consulting, and IT services, providing transparency and fairness in how service charges are calculated.