Abstract. Problem. Traditionally, product requirements were agreed upon in advance, even before the project began, to ensure that the client would get exactly what they wanted, and this was the basis for the contract. But trying to manage risks by describing requirements in detail at an early stage often backfires. To avoid this problem, the traditional approach was replaced by a new one, whereby project participants shared common risks and successes and, as a result, worked more productively in many aspects. However even with this approach, the usual thinking in terms of fixed requirements often affected the agreements and expectations of the parties. One of the most effective solutions is Agile approach to contracts, in which both parties benefit in the short and long term. Goal. The goal is to develop Agile approach to contracting based on a hybrid project management methodology for the modernization of automated control systems at asphalt plants. Methodology. The work identifies a number of problems that need solving for traditional approaches to contracting technologies in project management. For a comprehensive and effective solution of the considered tasks, the Agile approach to contracting technologies based on a hybrid methodology, is proposed to use. Results. The global experience of using contracting technologies in project management is analyzed. The main types of traditional contracts are considered and the main advantages and disadvantages of their use are identified. Agile approach to contracting technologies based on a hybrid project management methodology for the modernization of automated control systems at asphalt plants is introduced. Originality. It is suggested to use Agile approach to contracting technologies in the hybrid methodology for project management of automated control system modernization at asphalt plants. Practical value. The use of the proposed method of contracts handling will not only ensure regular and objective management by the client, but also increase the level of trust between the subjects of project activities.