Agile Contracts

Different types of Agile Contracts

NOTE: This page is under development

The first value in the Agile Manifesto states “Customer Collaboration over Contract Negotiation”. Instead of adopting a win-lose attitude toward procurements, buyer and seller should adopt a collaborative approach based on shared-risk-reward leading to a win-win situation.

Waterfall vs Agile Contracts

WaterfallAgile
Fixed scope, time and cost are estimated Flexible scope, fixed time and cost
Requirements and end product are clearly defined Requirements and product evolve with time
Delivery at the end Continuous delivery throughout the project
Changes are tightly controlled Changes are welcome even late
Strictly follow the contract Collaborative approach

Examples of Agile Contracts

Money for Nothing, Change For Free

Graduated Fixed Price

Fixed Price Work Packages

Last updated: April 24, 2021