Time & Material vs Fixed Price

Learn how to choose the best cooperation model—Time and Materials, Fixed Price, or a Hybrid Approach—and ensure success of your software development project. Choosing between Fixed price vs time and material contracts depends on your project’s scope, budget, timeline, and flexibility requirements. For projects with evolving or uncertain requirements, T&M offers the flexibility to adapt as needed. While Fixed Price contracts provide cost certainty and a clear timeline for well-defined projects.

Source: https://www.prioxis.com/blog/time-and-material-vs-fixed-price