Time and Materials vs Fixed Price – Overview of Pros and Cons that will Help You Choose the Right Billing Model
When you call a software development company and ask what pricing models they offer, there are usually two answers – fixed price and time & materials. In most cases, you’ll be recommended to choose the T&M agreement. And it’s likely that it will work for you. But the billing model has an impact not just on the budget but directly on the success of the product. So, you need to know exactly what are the pros and cons of both contracts to choose the right option.