How to configure MAM in Intune for Windows-based Contractors

Question

In a small company with approximately 26 users, including contractors who need access to applications for effective collaboration while ensuring company data security, how can Mobile Application Management (MAM) be configured in Intune to best support this scenario?

Many of these contractors may have an Microsoft 365 license that they either own or is owned by another organization. Additionally, most employees conduct business remotely on personal laptops and hold Business Premium licenses.

Would MAM be a viable solution in this scenario, and what steps are necessary to implement it? I understand that Windows 365 Enterprise might be an ideal solution, but its cost is prohibitive, and minimizing disruption to users is also a priority.