Why You Should (Almost) Never Ask For a Fixed-Price Bid From Your Developer
In the years that I’ve been a professional programmer, I’ve had quite a few chances to speak with business owners who have wanted a fixed-price bid on their projects. (That’s where you ask your developer to tell you how much something is going to cost to build, and then regardless of how long it takes / what goes into the project, that’s what you pay him or her.)
As a developer, I don’t submit estimates for fixed-price bids any more. I’ve done enough for one lifetime. As a collective group, developers are moving away from fixed bids—and good for them! There is nothing good to recommend them for developers.
What's bad for the programmer isn't always bad for the businessperson. In this case, though, I advise you to steer clear of the temptation…
Catch the whole article at WinWithTech, where I post about finding, hiring, working with, and keeping developers — advice that you would give yourself if you'd spent ten years as a programmer.