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How it Works
A ball park estimate is quoted initially and based on the agreed terms, the project is executed around the ball park estimate.
This is a very low-risk option and guarantees delivery of project on-time and within budget.
In this model, the scope of work, deliverables and cost are agreed upfront before starting the project.
For any change in scope of work during the course of project development, a prior agreed upon fixed rate is charged to the client.
Fixed Cost Model
This model is suitable when the requirements are very clear. A ball park estimate is quoted initially and based on the agreed terms, the project is executed around the ball park estimate. This is a very low-risk option and guarantees delivery of project on-time and within budget. In this model, the scope of work, the deliverables, cost, etc... is agreed upfront before starting the project. For any change in scope of work during the course of project development, a prior agreed upon fixed rate is charged to the client.
Hourly Basis Model
This model is suitable for clients who wants to play a significant role in the project development process. As the model name suggest, the pricing is determined based the man hours required to complete the project i.e. hourly charging. When the specification of project, scope of work and implementation of project plan cannot be effectively estimated during the initial phase, T & M model is the best option to choose and proceed with the development.
Hire Dedicated Model
This model is suitable for web agencies, IT consulting companies who outsource their needs heavily. We assign dedicated resource(s) to work for you on your project or be a part of your development team or set up your own virtual office which is your offshore development center.
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