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Time and Chance is the third studio album by the jazz fusion band Caldera, released in 1978 on Capitol Records. The album rose to No. 29 on the Billboard Jazz Albums chart.

Track listing:
1. “The Arousing” Eduardo del Barrio 2:50
2. “Reviviscence” Eduardo del Barrio 7:00
3. “Mosaico” Eduardo del Barrio, Jorge Strunz 7:00
4. “Magewind” George del Barrio 1:34
5. “Crosscountry” George del Barrio 5:24
6. “Passages” Eduardo del Barrio 7:30
7. “Dreamborne” Jorge Strunz 1:40
8. “Shanti” Larry Dunn 4:00
9. “Horizon’s End” Jorge Strunz 8:18

Personnel:
Jorge Strunz — acoustic guitar, electric guitar
Eduardo del Barrio — acoustic piano, electric piano, synthesizers, Moog, Roland, Oberheim Polyphonic, Yamaha Polyphonic
Steve Tavaglione — flute, alto saxophone, soprano saxophone
Mike Azeredo — congas, percussion
Carlos Vega — drums
Greg Lee — electric bass, Moog bass pedals
Hector Andrade — timbales, congas, percussion

Guests:
Larry Dunn — synthesizer (track 8)
Roberto da Silva — drums (track 8 only)
Alex Acuña — drums (tracks 1, 2, 3, 4, 5, 6, 7 and 9)
Luis Conte — bata, conga and timbales (track 9 only)
Akim Robert Davis — bata (track 9 only)
George del Barrio — acoustic piano (track 4 only), electric piano (track 5 only)
Charles Faris — digital aquasonic modulator (track 8 only)
Dianne Reeves — background vocals (tracks 8 only)
Michelle Wiley — background vocals (tracks 8 only)
Ella Faulk — background vocals (tracks 8 only)

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Released: 1978
1994 (re-release)
Recorded: December 1977 – January 1978
Studio: Hollywood Sound
Length: 45:16
Label: Capitol
Producer: Eduardo del Barrio, Larry Dunn, Jorge Strunz, Steve Tavaglione, Larkin Arnold