# Fixed-price engagement

Concept · [Business and metrics](https://ecosystem.samcarlton.com/business)

Also called: fixed price, fixed-price, fixed fee, flat fee, fixed bid, project pricing

A services deal where the client pays one agreed price for a defined result, no matter how many hours it takes. The provider carries the risk of going over.

**For example:** A studio agrees to build a booking site for a fixed price, with the scope written down so extra requests are priced separately.

## Connects to (5)

- [Scope](https://ecosystem.samcarlton.com/scope): The agreed list of what a project will include and what it will not.
- [Retainer](https://ecosystem.samcarlton.com/retainer): An ongoing services arrangement where a client pays a set amount each month to reserve a provider's time or attention.
- [Value-based pricing](https://ecosystem.samcarlton.com/value-based-pricing): Setting a price based on how much the result is worth to the customer, not on how much it costs you to deliver.
- [Engagement letter](https://ecosystem.samcarlton.com/engagement-letter): A short contract that starts a professional services relationship.
- [Time and materials](https://ecosystem.samcarlton.com/time-and-materials): A way to pay for services by the hour or day worked, plus costs, instead of a set price for the whole job.

Map view: https://ecosystem.samcarlton.com/fixed-price-engagement