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Opening Conversation: The Need for Clear Pricing and Services

Jordan: Daniel, let’s talk about the pricing model and the services you want to offer. It’s important to weigh the pros and cons of both Time & Materials (T&M) and Fixed Price (FP) options.

Daniel: Absolutely, Jordan. I feel T&M works for some clients because it’s transparent, but I’m concerned about whether clients might see it as open-ended and risky.

Jordan: That’s a valid point. With T&M

1. Advantages:

   • High flexibility for projects where scope or requirements might change.

   • Clients pay only for the actual work done.

   • It encourages collaboration and iterative improvements.

2. Disadvantages:

   • Clients may perceive it as unpredictable in terms of cost.

   • Requires strong project management to keep budgets and timelines in check.