Your task is to evaluate these two contract types and recommend the most suitable approach for this specific project. Think and analyze the following questions to best answer the task:

What specific project characteristics should we consider when choosing a contract type?

How do the two types of contract address costs potentially exceeding initial estimates? What are the implications for the client?

In terms of control, how much decision$-$making power does the client have under each contract type, particularly regarding project changes and adjustments?

Consider the client's risk tolerance. How does it factor into choosing a type of contract?

What potential changes or uncertainties could impact the project's scope. How do the two contract types accommodate these changes?

Based on your analysis, which contract type do you recommend for this specific project. What are the main reasons behind your recommendation?