<html><body><div style="color:#000; background-color:#fff; font-family:arial, helvetica, sans-serif;font-size:12pt"><div><span>Well, requirements changes should follow a change control process, which almost always modifies the fixed price. A good project manager should be on all larger projects and will be worth his/her cost.<br></span></div><div> </div><div><font color="#ff007f" face="bookman old style, new york, times, serif" size="4"><i><strong>Nancy</strong></i></font></div> <div><font face="arial, helvetica, sans-serif">Injustice anywhere is a threat to justice everywhere. -- Dr. Martin L. King, Jr.</font></div><div><br><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; margin-top: 5px; padding-left: 5px;"> <div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> <div style="font-family: times new roman, new york, times, serif; font-size: 12pt;"> <div dir="ltr"> <font face="Arial" size="2"> <hr
size="1"> <b><span style="font-weight:bold;">From:</span></b> Alex Pavlovic</font><br></div><br>You must be very good with estimating large and complex projects if you can give fixed quotes like that. What if the project <br>goes over your estimated budget? Do you re-negotiate it or simply do the work for free? We found that for large projects it <br>is normally best to work with client on an hourly basis, so it's fair to both parties and ensures precise billing is done. There <br>is lot of unknowns when dealing with large and complex projects. Requirements may also change during the development <br>phase which furthmore complicates the fixed price approach. However a rough quote or price estimate can be given to the <br>client so they understand what the ballpark figure may look like before you start the work.<br> </div> </div> </blockquote></div> </div></body></html>