I can see doing fixed price contracts if you are doing yet another version of something you've done before. Most of my projects are something that is half resea

I can see doing fixed price contracts if you are doing yet another version of something you've done before. Most of my projects are something that is half research, half implementation. I'd lose my shirt if I did those projects for a fixed price. There is a video that has great reasons for not using contracts, fixed prices or functional specs. Google "All Roads Lead to Rails" (http://unspace.ca/innovation/speak http://unspace.ca/innovation/speak)