It appears that many problems associated with the key water system management tasks in the small communities of Honduras could be solved if water were treated as a marketable good. This would involve the use of meters along with a pricing system that in principle should set the price equal to the marginal cost. This paper first discusses the theoretical aspects of using meters along with a marginal cost pricing scheme and how this could help to solve the system management problems in Honduras. Then, an examination is made of the practical aspects involved in running a metering system as it is done by a well organized utility in the United States. Finally, an assessment is made of implementing metering systems in the small communities of Honduras in light of the practical considerations. In general, the problems involved in such implementation would appear to make it impracticable, at least for the vast majority of systems. Honduras needs to strengthen its institutions before it can turn to widespread metering.