The Fixed Price pricing model is an ideal solution for customers who want to meet the originally agreed budget and/or the terms of the project implementation. This gives them additional confidence in the reliability and honesty of the executor.
In fact, Fixed Price contract constitutes the ideal balance between the price and the quality of the created solution. Therefore, if one of your main goals is maximum savings, and while you want to get a result acceptable from the professional point of view, you definitely should look towards this model. As a result, you know the budget before the project starts, the deadlines are strictly defined, and technical specifications
and other kinds of project documents are compiled and finalized at the very beginning of the collaboration.