Use this tag for any questions about contracts that have a fixed value or fixed cost associated with them.

Use this tag for questions about contracts where the price is not hourly but is set before the work begins.

A Fixed Price is one in which the price is fixed, irrespective of the time (or materials) incurred. Places the risk (but also potentially the reward) onto the supplier.

Compare with a or contracts, whereby the client is billed for the number of hours worked and any expenses incurred.