Time and Materials (TM) Contract vs Fixed Price (FP). Which One Is Better?

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For the organization to have the opportunity to exist in the future, it is necessary to recognize the business prospects. Only after determining the possibilities of the business, as well as the directions and methods of its evolution, one can talk about specific strategies for growth and competition. To be able not only to assess the prospects of business correctly but also its ability to reach these goals, it is necessary to ensure or initially lay the maximum transparency and manageability. As a result, it will lead to real justification of decision-making. In the digital age, this is not a big deal.

After realizing the specific goal and objectives of the business, the client comes to XB Software for project outsourcing development. What contract models to choose depends on the task that we want to solve together. Still, as to sort out all IT outsourcing pricing models can be rather tricky, we will analyze the most widely used.

All about contract types reean in the article Time and Materials (TM) Contract vs Fixed Price (FP). Which One Is Better?