Types of contracts with IT specialists

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With Fixed Price and Dedicated Team contracts , the budget is fixed at the start of the project. The project manager needs to control the costs so that they do not go beyond its limits.

In the case of Time and Material, the project manager needs to issue invoices — bills for saudi arabia email list the time and resources spent. Therefore, he monitors how many hours the performers spent on the work, evaluates the results in comparison with the plans and prepares reports for the customer.

You paused reading Olivia's notes and thought about it. The team is working on an app under a Fixed Price contract. The project is nearing completion, so the budget is scheduled. Most likely, work on a new feature will require additional costs.

You decide to finish reading the materials and then write to Olivia to consult with her about the budget. The next block of notes is devoted to the third vertex of the project triangle - deadlines.