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Tag Archives: time and materials
State Board of Equalization Clarifies Sales Tax on T&M Construction Contracts.
There has been some confusion among construction contractors recently about the California State Board of Equalization’s (“Board” or “SBE”)position on the application of sales tax to materials provided by a construction contractor working under a time and materials (“T&M”) contract. The confusion stems from an unclear “Summary of Application of Tax for Construction Contractors” table Read more
Home Improvement Contracts and Time and Materials Pricing
A recent legal presentation at Graniterock’s Concrete and Building Materials Expo has generated a lot of discussion. One of our speakers told the audience that it is unlawful for a contractor and a homeowner to enter into a contract for home improvement work where the price term is based on “time and materials” (“T&M”). Several Read more
