Discussing the specs down to the finest detail is definetly a requirement. Possibly, the technical part will be discussed with the client's MIS dept, which hopefully will make the specs clearer.
As Paul suggested, it would make sense to phase-out the project with possible (re)evaluation of each phase before execution, in which case the negotiation time would become substantial and it should be accounted for. (See, I got it Jim).
Also, Vlad the book recommended Whil Hentzen's "The 1997 Developer's Guide" looks like a great resource on this subject.

Thank you all very much for your input.

Sorin


>I have a potential client who wants to pay a fix price per project, as opposed to an hourly rate. As things might get trcky, I would like to know what should I expect. Does anybody know where I can find a draft to a similar contract ?
>TIA
>Sorin