M164: Fixed-Price contracts are much worse than Time&Material

If you outsource part of your software development project to a third-party, you may think that the best type of contract to sign is Fixed-Price: you set the scope, they promise the time and price, they deliver, you check the quality, and you pay. It sounds right, but in reality, it'll be a disaster. Instead, always sign Time&Material contracts: you tell them how much resources you need, they give you a quote per hour, you manage them, they work for you, you pay every month. This is much more effective. Blog: https://www.yegor256.com Books: https://www.yegor256.com/books.html GitHub: https://github.com/yegor256 (don’t hesitate to follow in order to stay informed) Telegram channel with recent news and updates: https://t.me/yegor256news (subscribe to not miss a thing) Twitter with daily and weekly updates:   / yegor256   (follow me!) iTunes: https://podcasts.apple.com/us/podcast... SoundCloud:   / yegor256   Yandex Music podcast by yegor256: https://music.yandex.ru/album/31142286 0:00 Вступление 0:15 Contract 0:51 Fix price 1:15 Time and material 2:33 Small amount of work 3:11 Moral rights 4:21 Descent complexity 5:57 Responsability 7:26 Honest relationship