If you live in the US or Europe and look for a better contractor to develop custom software quickly and inexpensively, then initially you turn to local resources. Sometimes these expenses can be too high for you, because local costs for programmers' services in the US and Europe deeply differ from other countries. That’s why many customers spend too much time while searching for price-quality relationship.
Let’s say you decided to develop custom software without having your own team of developers for the project and for some reason you don’t want to hire additional people in your company. It’s clear that you cannot move forward without a help of contractor. But what type of cooperation model you need to choose: Fixed Price or Time & Material or Dedicated Team Model. What is more reasonable for you? Let’s have a look into this more deeply from different perspectives (client and vendor side).