Fixed Price, Time&Material, Hybrid
TWe can execute your project based on one of three billing models:
Fixed Price, Time&Material
or Hybrid Model.
You decide which approach is the most effective for you.
This model involves drafting a cost estimate based on your project’s requirements, and setting the final price for the deployment of your application, software or Web portal.
For our quotation to be accurate, we need to know some information about your project in detail, such as:
Business objectives, users and their preferences (we want to learn what you’re looking for);
Functional and non-functional requirements (the latter including the required security level, its maintenance and development);
The model / prototype (or visual layout) of your project’s interface, together with its functional characteristics (ideally). If you do not have any model or prototype, our UX department, with specialists in this field, will be happy to support you;
Models concerning key processes within the platform ( use case diagram and sequence diagram) would be particularly useful if the system’s architecture is relatively complex and has a few or around a dozen integration points (such as ERP modules, online payments, external databases or applications).
The use case diagram represents the functionality of the system within its environment, and is drafted using distinctive notation. It illustrates the system’s functions in the context of each actor (user or another system).
The sequence diagram shows the interactions between the respective objects, taking the messages sent between them into account. The diagram is a record of the business logic implemented in the system.
If the logic and functionality of your application stems from its prototype, visual layouts or the brief sent to us, then there is no need to draft excessive documentation. We can start planning our work right away.
If you know that you do not have a final framework for your project yet, and feel that its design may be subject to change or, alternatively, if you want us to support you in developing the project you already have, then Time&Material (T&M) is the best pricing model for you. This means that the price depends on the time our programmers, UX specialists, project managers and testers spend on your project, and, in some cases, on additional licenses purchased, server services provided or reports drafted.
Before we begin our work, we always provide a cost estimate for such tasks as integrating or implementing an e-commerce component.
In the hybrid model, one part of your project has a fixed price, while the other is priced based on documented hours of labour.
When you know your business objective but lack detailed documentation.
Such documentation can be drafted by our team of specialists who will review your project and estimate the timeframe for such tasks, like carrying out workshops and interviews, analysing documents, drafting technical documentation, preparing a prototype of your product and drafting a functional description.
As a result, we provide you with a range of time it might take us to carry out those tasks (e.g. 150-190 hrs).
With detailed documentation drafted based on the Time&Material model, you can opt for a Fixed Price model for the rest of your project, as at this stage, you have got everything you need for us to make an accurate cost estimate.
When the project has already been implemented (in the FP model) but you
need our support in terms of functional development (in the T&M model).
When you know the basic requirements and want to launch the portal
or application as soon as possible, you use the T&M model at this
stage, and FP in the stages to follow.
We believe that the greatest asset of the hybrid model is its flexibility, and the fact that our customers can accurately choose what is most effective for them, in terms of finances and organisation.