fixed price

I have worked on many software projects. Some used fixed price contracts. Almost all of them had problems. The client thought they knew the cost. But the project went over budget. The work quality was not good. The team rushed to finish. They did not build the right thing. I learned this the hard way.

Fixed price projects have a big problem. They ask you to decide everything before you start. But software is not like building a house. You do not know what you need until you see the first version. Changes cost extra money. The contract fights you. Both sides get upset.

In this tag, I collected my best articles about fixed price work. You will learn why banks waste millions on AI projects with fixed price deals. You will see how these contracts can secretly make your budget explode. I also share how to get safe fixed price work for defense tech. That is a special case. But even then, you need to be careful.

One article talks about fixed price agile contracts. Many people think they mix well. They do not. I explain why that idea is dangerous. And what you should do instead. Another article helps startups. I give my best strategy to succeed with fixed price. But honestly, I usually tell startups to avoid it.

If you are thinking about a fixed price project, read these articles first. You will see the real risks. You will learn how to protect your money. And you will know when a different deal is better.

Want to chat about this? Drop me a message.