Fixed Price vs T&M Calculator
This calculator complements the article on Fixed Price vs Time & Materials.
It is intended for situations where a company considers hiring an external contractor for development work.
It helps identify the best engagement model by scoring key factors such as scope stability, requirement maturity, input compliance, and steering capability.
Use it as a reflection guide and discussion aid, not as a golden rule.
Contract Type Selection Chart (Score Based)
Select one answer per question. Totals update automatically. Highest score suggests the best fit.
- FP = Fixed Price
- FP+Prep = Fixed Price after a preparation phase
- T&M = Time & Materials
Team augmentation is a delivery mode of T&M and is not scored separately here.
| Question | Your answer | FP | FP+Prep | T&M |
|---|---|---|---|---|
| Totals | 0 | 0 | 0 | |
| Suggested best fit | Fixed Price | |||