Is there some mechanism of hitting a halfway point between a cost plus and a fixed price contract? Is there some way to get some of the benefits of both fixed price and cost plus contracts?
Maybe cost plus with a maximum price that’s well over expected but in the same order of magnitude? That’s the most common contract model I’ve used in software development. Basically, you’ll pay me by the hour up to a maximum.
Is there some mechanism of hitting a halfway point between a cost plus and a fixed price contract? Is there some way to get some of the benefits of both fixed price and cost plus contracts?
Maybe cost plus with a maximum price that’s well over expected but in the same order of magnitude? That’s the most common contract model I’ve used in software development. Basically, you’ll pay me by the hour up to a maximum.