Management and Strategy

Types of Services Contracts

Sprout Video

In this lesson, you’ll learn about three types of services contracts: the fixed bid or fixed scope, time and materials, and a retainer-based contract. You’ll also hear about the Iron Triangle: budget, scope, and timeline, and how these elements are controlled or can flex in these different types of agreements. Finally, you’ll learn about how a contract can imply a certain level of trust and how building successful relationships with clients can lead to future, more mutually favorable agreements.

Additional resources

Lullabot's Hierarchy of Qualification by Brian Skowron