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Questions tagged [fixed-price]

For questions about managing projects, that have fixed-price contracts within.

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How we can calculate the free warranty time for a software application [closed]

I am a freelancer, and I am going to build a software application developed using SharePoint Online as the DataSource, Power Apps and Power Automate. The Project mainly includes automating 14 business ...
microsoftdeveloperdesigner's user avatar
9 votes
9 answers

At whose expense is the stage of preparing a contract performed?

Let's suppose a customer needs a software product and comes to a software development vendor. The customer describes the product and maybe even provides business requirements documentation (BRD). Then ...
Daniel's user avatar
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0 votes
1 answer

When does a software vendor (fixed-price projects) usually get paid?

What is a usual approach to fixed-price software project payment? Does a vendor get the money after the result of the project is delivered to a customer? Or is the payment made upfront? Or a mixed ...
Daniel's user avatar
  • 2,739
2 votes
2 answers

Change management in small fixed-price projects

I guess it's not common in small projects to develop a change management plan, so... What do managers of small fixed-price projects do when a customer demands a change? How is it resolved whether ...
Daniel's user avatar
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1 vote
5 answers

How a software development contract is concluded?

Let's suppose a customer wants to create a software product and there is a software development company that is able to develop this product. They need to create a contract. But both sides has their ...
Daniel's user avatar
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8 votes
6 answers

PM techniques/tools for fixed-price 6 month client project

I am looking for project management techniques and tools to help with the following situation. (P.S. I know this question is technically off-topic but I felt Revisiting Tool Recommendation Questions ...
Adrian Smith's user avatar
2 votes
1 answer

Estimating Fixed Price Project Cost Payments via Monthly Milestones

I have spent the last few days searching for an answer on how to use MS Project (2010 in my case) to estimate a project's cost via milestones that are split along a long program (2.5 years). The ...
ProjectNovice's user avatar
1 vote
2 answers

Estimating and Project budgets

I'd be interested to hear how you manage dealing with project budgets when having to provide a fixed cost up front for the customer ahead of starting the work? For context, and without giving too ...
Drew's user avatar
  • 316
3 votes
1 answer

Conversion from complexity estimation to actual costs

We do Scrum - therefore we do not estimate hours or workdays, but estimate complexity (Story Points). As our customers mostly want to know what a feature might cost, we somehow have to do a ...
ppasler's user avatar
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5 votes
5 answers

How to manage consulting resources to deliver ahead of delivery dates?

I am a PM for a large matrix enterprise organization that has internal development resources as well as contracted consulting groups. Depending on the project we may need to engage an application team ...
Shawn's user avatar
  • 256
0 votes
1 answer

Sub contractors changing the invoicing agreement

I am very often finding myself in situations where the sub contractor at the end of the project is asking for more money. This is despite clearly agreeing to a fixed price at the start of the project....
bobo2000's user avatar
  • 3,892
7 votes
4 answers

How to leverage Agile development benefits in a fixed-cost project?

I recently joined a company that has started moving towards "more agile" development. I've already been product owner for an internal software project and that worked reasonably well as far as I can ...
BootstrapBill's user avatar
5 votes
2 answers

What are Acceptable SLoC Rates?

This is not a question regarding the quality of the SLoC metric. I accept it as a limited, inaccurate, or even poor metric. That said, I am looking for data that indicates what reasonable rates ...
Chris's user avatar
  • 153
1 vote
3 answers

FixedPrice but customer wants all risks are handled by their side

Here is an interesting situation we have been put in. We developed a proposal that includes deliverables, work packages and their estimates, risks etc. Also we planned some contingency for risky ...
Ruslan's user avatar
  • 344
23 votes
8 answers

How to apply Scrum in fixed date, fixed budget project?

Considering that we work on a project with fixed deadlines and fixed budget and we use Scrum: what are best practices we should use to make this setup successful? Since Scrum wasn't directly designed ...
Jayantha Lal Sirisena's user avatar
4 votes
4 answers

The Case for Hourly Estimates

My boss has always operated on fixed pricing projects; where we rarely see a profit on. I'm on board with selling our clients hourly rates on large projects. We have yet to get a client willing to ...
chrisjlee's user avatar
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5 votes
2 answers

What will be the standard increase of price from a Time and Material to a Fixed Price?

Knowing there are pros and cons for each type of procurement contracts. I am trying to find the real price % increase from a time and material contract with specific scope to a fixed price. As an ...
Geo's user avatar
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