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A fixed bid is a project contract model that teams use in construction or software jobs. The provider quotes one set price for the whole task. This covers all work, time, and resources needed, and the client pays that flat fee. Also, Hours do not change the cost. Both sides agree on the scope, timeline, and deliverables first. It fits projects with clear goals and low change risk. Change requests add fees or need new bids. This skips hourly rates and speeds up quotes but demands tight planning to avoid loss.
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