Document background
The Time And Material Invoice is a crucial document for businesses operating in Hong Kong that provide services or complete projects where billing is based on actual resources utilized rather than fixed prices. This invoicing method is particularly suitable for projects where the scope of work may vary or cannot be precisely determined in advance. The document must comply with Hong Kong's Business Registration Ordinance, Inland Revenue Ordinance, and other relevant commercial laws. It typically includes detailed time logs, material usage records, applicable rates, and all required business and tax information. Time And Material Invoices are commonly used in professional services, construction, IT projects, and other sectors where work effort and material costs need to be tracked and billed transparently.
