Comparison between Time & Material and Fixed Bid Project
| Sl No | Time & Material | Fixed Bid |
| 1 | When requirement is not clear | When requirement is clear |
| 2 | When Project spread over several months to several years | When Project spread over few days to few months |
| 3 | When require high degree of flexibility | When require little or no degree of flexibility |
| 4 | When you want direct control of resources | When you do not want direct control of resources |