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In this video tutorial, Matt Grace, the Managing Director of Flying Donkey, discusses the challenges of pricing contracts in various industries. He explores fixed price contracts and time material contracts, explaining the pros and cons of each. Flying Donkey uses aspects of both methodologies in their projects. The video covers the benefits and drawbacks of fixed price contracts, time material contracts, the use of credits, and the advantages of becoming a partner. Grace emphasizes the uncertainty in estimating code writing time upfront and highlights the importance of flexibility in contract pricing strategies.
