I am confused between Fixed Price vs Time & Material Contract? Which one should I choose?
Exyconn
Last Update 2 jaar geleden
Fixed Price
If you have a defined budget in your mind for your project, and you want to get it done within that budget then, you go for a Fixed-Price contract. For e.g: If you have an approximate budget of $1000-2000, then we’ll get your project done within that budget itself, providing you with the right solutions.
Time & Material Contract
If you have no idea about the cost of the development of your project, then you can pay us on an hourly basis and get your project done. It is quite simple because you only pay us for the total hours we dedicate to complete your project in your given deadline. For e.g: We tell you the exact number of hours we need to complete your project and then you pay us in weekly, only after you are satisfied with the progress and results promised for each sprint.