Fixed Price projects are best suited when your project’s scope is clearly defined upfront and the costs of the materials and labor can be estimated precisely and you want to avoid project delays. Here are a few other checkpoints that your project must meet when opting for this pricing model. You have a small or a medium sized project or an MVP. You have less time to interact with the service provider or the team. The project requirements won’t change. You have a limited budget for the project, or you need to get your budget approved at the start. You are more interested in the deliverables than the time taken. This means that you will be charged the same amount even if the project is finished before the estimated date.