Comparing 3 Popular Pricing Models: Fixed-Price, Time & Materials, and Milestone

Wizard

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When a customer hires a software development company, they sign a billing contract. The pricing model used depends on the project. The main models are fixed-price, time & materials, and milestone. In this article, we look at the advantages and disadvantages of these pricing models and tell you which is best to use when.

Read more - Time and material basis
 
Re: Comparing 3 Popular Pricing Models: Fixed-Price, Time & Materials, and Milestone

Most people want a fixed price. They want to know what the cost is and not have larger bill at the end. The same goes for people buying web hosting and domain names. Some companies give you a cheap domain name and cheap web hosting for first year then prices go up.
 
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