What is a fixed cost project?

At Vaxtra, other than hourly, part-time and full-time hiring, we also offer one-off fixed cost project. “Fixed Cost” project has “Fixed” parameters, i.e., “Fixed Scope of Work”, “Fixed Schedule” and “Fixed Cost”. As long as the first 2 parameters remain unchanged, there will be no change in the cost of the project. If the 1st parameter changes then the next 2 gets effected.