It does not matter if the job is T&M......GET A WRITTEN CONTRACT!! I just spent two years waiting to go to court to recover $20,000.00 on a T&M project. I have hired a crane to prevent any further cases of rectal/cranial inversion, because I did the project on a handshake. Again....WRITE A CONTRACT and spell out everything from paid wages to materials (provided w/ or w/out markup). Are you billing from the time you arrive on the job or from the time you arrive at your shop to "gear up". Are you billing for purchasing and stocking the material? I hope you get the point. T&M can be sweet IF EVERYTHING is spelled out and agreed to. Believe this voice of experience.....I have been out $20,000 plus for over 2 years because I was an idiot. Good luck and hope the job goes well.