Questions tagged [fixed-fee]

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Margherita Margherita Sun Sep 08 2024 | 5 answers 834

What is fixed-fee in consulting?

Could you please elaborate on the concept of fixed-fee in the context of consulting? How does it differ from other pricing models, such as hourly billing or contingency fees? What are the advantages and potential drawbacks of adopting a fixed-fee approach for consulting services? Additionally, how does a consultant determine an appropriate fixed fee for a given project, and what factors should be considered in making this decision?

What is fixed-fee in consulting?

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