Settlement in the Fixed Price model assumes that the price for the entire project is estimated in advance. The cost of the project is usually determined on the basis of the client's requirements and the work schedule. This is a convenient option for projects the value of which can be more freely assessed before work begins. A well-thought-out project with a thoroughly prepared specification, taking into account the real time of its implementation, an exact schedule and scope of work, can be advantageously priced in the Fixed Price model. In addition, there’s a “set in stone” deadline by which time the client is “guaranteed” to be presented with the ready product. It will be a great help for the client who cannot constantly monitor the project.