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Building a digital product may require outsourcing development, and when hiring an outsourcing partner, a fundamental question is the pricing model, as you will outsource a big part of the work. While working with software development outsourcing, there are two pricing models to choose from – Fixed Price and Time & Materials. Both options are good enough, but it’s crucial to pick the relevant one for your business. So, here are the three pricing models: fixed price Time& materials Mix of the two. Let’s find out the pros and cons of both software development pricing models for outsourcing. 1.  ...Read more

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