What Are Fixed-Price Projects?

Fixed-Price Projects are freelance jobs where the client and freelancer agree on a set payment amount for the entire project, regardless of the time or resources spent.

Context & Usage in Freelancing:

Fixed-price projects are common for clearly defined tasks with specific deliverables, such as logo design or website setup. Freelancers submit proposals with a total fee, and payment is often released upon milestone completion or project delivery.

Importance:

Fixed-price projects provide budget certainty for clients and motivate freelancers to work efficiently. They help manage expectations and reduce payment disputes by clearly outlining scope and costs upfront.