A project-based consulting agreement is an arrangement between a business and a consultant, in which the consultant is hired to complete a specified task or project according to their skills and experience. This type of agreement allows businesses to benefit from expert insight on short-term projects, while reducing the costs associated with long-term employment. With a project-based consulting agreement, businesses have control of the timeline and budget, as well as a high degree of flexibility in terms of contracting. In addition, such agreements provide consultants with a way to showcase their skills on a variety of projects without committing to any one company for an extended period of time.