Choosing of an appropriate engagement model provides cost reduction without loss of quality. Engagement model ensures desired level of control, responsibility and flexibility.
A cost-effective model where the amount of money you spend corresponds to the amount of work delivered.
Fixed price model is best suited for small to medium-sized projects. The main benefit of selecting this particular engagement model is predefined and fixed project’s budget, which means you know exactly how much you are going to spend on your product, but the cost may vary widely because of the smallest changes in the scope.