Why time & materials?

It is one of the first questions PM hears from the client. From the client’s side the ideal situation will be: receive the application he desires for the fixed price and fixed time. And no excuses) But is it as simple as the client thinks? I tied to gather the cons of the fixed price projects and pros of time & materials to prove my point of view – either client and developer receive a great benefits if they work on a time&materials contract.

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