Fixed Price vs T&M

April 9, 2009

When you’re planning a project for your process plant, one of your most important decisions is whether to execute the work on a fixed-price or a time-and-material basis. My Technically Speaking columns for our June and July issues will examine both approaches. What's been your experience? Is one approach better than the other, and if so why?

When you’re planning a project for your process plant, one of your most important decisions is whether to execute the work on a fixed-price or a time-and-material basis. My Technically Speaking columns for our June and July issues will examine both approaches. What's been your experience? Is one approach better than the other, and if so why?

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