Fabrity is a Poland-based company established in 2007, specializing in custom software and IT services within the broader business services industry. With a workforce of 201 to 500 employees, Fabrity generates significant revenue, reflecting its established presence in the market. The company’s expertise is evident in its published document, which serves as a guide for Chief Technology Officers (CTOs) on various IT contract models applicable to custom software development. This document outlines three primary types of contracts: fixed-price contracts, time and materials (T&M), and quoted time and materials (QT&M). Each contract type is discussed in terms of its advantages, risks, and suitable use cases, emphasizing the importance of clear project definitions and the need for flexibility in certain scenarios. The guide also highlights the necessity for IT service providers to possess strong business analysis skills and the ability to work within Agile methodologies to ensure project success. Overall, Fabrity demonstrates a focused approach to addressing the complexities of IT contracting in software development.