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pricing a contract it's a problem not only in the software industry but in all industries that deliver projects in this video i want to run through fixed price contracts first time material contracts the pros and cons and why we've gone with the way we have here at flyingdonkey we use aspects of both of these methodologies and i'll explain why further in the video it's going to touch on the four following points firstly the pros and cons of a fixed price contract secondly the pros and cons of time material contracts third the use of credits and finally the benefits of becoming a partner i'm matt grace managing director for lion donkey let's get into it point one fixed price contracts let's look at the pros and cons from both the client and contractor side of a fixed price contract the first thing to point out though it is impossible to know up front exactly how long a piece of code is going to take to write i'm touching this in other videos and why is it the case but essentially for t...