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software development pricing models Tag

Fixed Cost vs Hourly Rate: Which One is Better for Your Project?

Reading Time: 6 minutes

The first thing you do after hiring a software development company is signing a billing contract. The billing contract also mentions the price you pay for getting the project developed. The price of a project is developed depending on several different aspects like the type of project, number of hours, technologies etc. There are two major modules in this case: Fixed Price and Hourly Rate.