Define: Billability
Billability means the fraction of total working hours billable to customers, considering direct labour charges and total available labour excluding leave time.
Billability means the fraction of total working hours billable to customers, considering direct labour charges and total available labour excluding leave time.
Relevant Circumstances
- When a contract is to be developed for services rendered on an hour basis.
- When a client hires a contractor for a specific project and needs to determine billable hours.