The fixed-bid agreement determines the scope of work and the time required to provide the software development solution. These accurate estimates set a price that cannot be changed once the project starts. This pricing model is perfect for small and medium-sized projects that have a very short time and a tight deadline.
Why do you want a fixed bid contract? Because you have a fixed budget. And with that fixed budget, are you trying to achieve software development tricks?
You want to know how long the work will take, how much it will cost and what features you will get.
Advantages
- Estimated cost
- Expected Deadlines
- No Extra Charges
- Scope, features, definitions, and length of time are also determined
