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in this video Id like to talk about the typical time and materials or hourly contract you often see in software development this is the contract used for all a creative work youre not exactly sure about and frankly in software most of it is which are not exactly sure about since you probably havent done the exact thing before in the past our first tip you have to be very clear about your objectives of what you want to do with this software but you also want to say this is our prioritized list of features that we want and least our first release this means of course youll need to spend sometimes together discussing the backlog what youre trying to achieve what the features look like when theyre ultimately realized even with a TNM contract I still recommend you put some kind of monetary cap for the whole term of the contract be very specific about this is what we want to achieve with your objectives and this is how much we have to spend then on a continual basis hopefully every spr
