How do I choose between fixed and variable fees?

I'm trying to decide between fixed and variable fees for my project. What should I consider?

You should consider factors like budget stability, project scope, and potential risks. Fixed fees offer predictability, while variable fees can be more flexible.

What are the advantages of fixed fees?

Fixed fees provide clarity on costs, making budgeting easier. They also protect you from unexpected price increases.

And what about variable fees?

Variable fees can adapt to changes in project scope, which might save you money if the project takes less time or resources.

How do I know which option is better for my specific situation?

Assess your project's requirements, budget constraints, and risk tolerance. A detailed analysis can help you make the best choice.