Time and Material Versus Fixed Price Contract Selection Course

Choose between time-and-material and fixed-price models using structured risk analysis, then design pricing, change, acceptance and governance controls.

Contracts Management and Law Training Courses Confirmed

Time and Material Versus Fixed Price Contract Selection Course

Training Outlines

Introduction

Contract type determines how uncertainty, productivity and cost risk are shared. Fixed pricing offers budget certainty only when scope and assumptions are sufficiently stable, while time-and-material arrangements provide flexibility but require strong control over effort, rates and priorities.

This course gives project, procurement and commercial professionals a practical framework for selecting between time-and-material, fixed-price and hybrid models. Participants analyze scope maturity, technical uncertainty, market conditions and delivery incentives, then design the controls appropriate to each structure. Case exercises compare total commercial outcomes, including change, acceptance, forecasting, supplier margin and administrative effort, enabling evidence-based selection rather than reliance on organizational habit.

Course Objectives

Compare risk allocation across pricing models
Assess scope maturity and delivery uncertainty
Evaluate buyer and supplier incentives
Design controlled time-and-material terms
Structure enforceable fixed-price deliverables
Select effective hybrid pricing models
Analyze bids and total commercial exposure
Govern change, performance and forecasting

Course Content

Day 1: Contract Model Decision Framework

Scope certainty and complexity
Requirements and solution maturity
Schedule and market uncertainty
Buyer and supplier capability
Risk ownership and pricing premium
Model selection criteria

Day 2: Time-and-Material Contract Design

Rate cards and resource categories
Timesheets and effort approval
Expenses and pass-through costs
Caps and not-to-exceed limits
Productivity and deliverable controls
Forecasting and burn-rate management

Day 3: Fixed-Price Contract Design

Scope and assumption baseline
Milestones and payment profile
Deliverables and acceptance criteria
Schedule and completion obligations
Contingency and pricing risk
Change and relief mechanisms

Day 4: Hybrid Models and Bid Evaluation

Capped time-and-material models
Fixed-price work packages
Target cost and shared risk
Discovery-to-delivery transitions
Bid normalization and comparison
Total cost and scenario analysis

Day 5: Negotiation and Contract Governance

Commercial objectives and trade-offs
Supplier margin and risk premium
Performance and reporting controls
Change decision governance
Cost and schedule forecasting
Model review and lessons learned

Training Locations

This Time and Material Versus Fixed Price Contract Selection Course is available in multiple cities. Please select your preferred location from the list below

Durrës

Albania

Tirana

Albania

Andorra la Vella

Andorra

Escaldes-Engordany

Andorra

Innsbruck

Austria

Salzburg

Austria

Vienna

Austria

Gomel

Belarus

Minsk

Belarus

Antwerp

Belgium

Brussels

Belgium

Banja Luka

Bosnia and Herzegovina

Sarajevo

Bosnia and Herzegovina

Plovdiv

Bulgaria

Sofia

Bulgaria

Dubrovnik

Croatia

Split

Croatia

Zagreb

Croatia

Limassol

Cyprus

Nicosia

Cyprus

Brno

Czech Republic

Prague

Czech Republic

Aarhus

Denmark

Copenhagen

Denmark

Tallinn

Estonia

Tartu

Estonia

Helsinki

Finland

Tampere

Finland

Lyon

France

Marseille

France

Nice

France

Paris

France

Berlin

Germany

Frankfurt

Germany

Hamburg

Germany

Munich

Germany

Athens

Greece

Thessaloniki

Greece

Budapest

Hungary

Debrecen

Hungary

Akureyri

Iceland

Reykjavík

Iceland

Jakarta

Indonesia

Cork

Ireland

Dublin

Ireland

Florence

Italy

Milan

Italy

Naples

Italy

Rome

Italy

Osaka

Japan

Tokyo

Japan

Pristina

Kosovo

Prizren

Kosovo

Liepāja

Latvia

Riga

Latvia

Schaan

Liechtenstein

Vaduz

Liechtenstein

Kaunas

Lithuania

Vilnius

Lithuania

Esch-sur-Alzette

Luxembourg

Luxembourg City

Luxembourg

Kuala Lumpur

Malaysia

Malé

Maldives

St. Julian's

Malta

Valletta

Malta

Bălți

Moldova

Chișinău

Moldova

La Condamine

Monaco

Monte Carlo

Monaco

Budva

Montenegro

Podgorica

Montenegro

Amsterdam

Netherlands

Rotterdam

Netherlands

The Hague

Netherlands

Abuja

Nigeria

Lagos

Nigeria

Port Harcourt

Nigeria

Ohrid

North Macedonia

Skopje

North Macedonia

Bergen

Norway

Oslo

Norway

Gdańsk

Poland

Kraków

Poland

Warsaw

Poland

Faro

Portugal

Lisbon

Portugal

Porto

Portugal

Bucharest

Romania

Cluj-Napoca

Romania

City of San Marino

San Marino

Serravalle

San Marino

Belgrade

Serbia

Novi Sad

Serbia

Singapore

Bratislava

Slovakia

Košice

Slovakia

Bled

Slovenia

Ljubljana

Slovenia

Incheon

South Korea

Seoul

South Korea

Barcelona

Spain

Madrid

Spain

Valencia

Spain

Sri Jayawardenepura Kotte

Sri Lanka

Gothenburg

Sweden

Stockholm

Sweden

Bern

Switzerland

Geneva

Switzerland

Zurich

Switzerland

Kaohsiung

Taiwan

Taipei

Taiwan

Ankara

Turkey

Istanbul

Turkey

Kyiv

Ukraine

Lviv

Ukraine

Odesa

Ukraine

Dubai

United Arab Emirates

Birmingham

United Kingdom

Edinburgh

United Kingdom

London

United Kingdom

Manchester

United Kingdom

Rome (Vatican-adjacent)

Vatican City

Training Schedule

Below is the table of cities along with the respective dates for the upcoming training sessions of Time and Material Versus Fixed Price Contract Selection Course. Please review the schedule to find the most convenient option for you. You can also use the below search bar to type the city name and filter the results.