If you are sure that your initial project requirements will not be changed, you can fix them together with a budget before the development start. With the fixed price project development you plan your budget, minimize the risks, and let specialists at Artelogic bring your ideas to life.
This fixed project outsourcing approach can do a good job for you in such cases:
The Solution – Fixed Price Business Model
If fixed price development can be applied in your particular situation, we can help you to plan your budget in advance instead of stressing out whether the project will exactly meet your money and quality expectations at the end. Moreover, the project scope will give you the basic understanding what your project lacks.
Software project outsourcing is a very common way of getting your projects accomplished with the good combination of performance quality and price. Although using the service of a project outsourcing company is fairly simple. The way of project delivery may vary depending on the pricing model you chose. Fixed price model demands a lot of expertise behind the team on the part of a service provider. Since all the risks of project implementation are transferred to the vendor, they must ensure expert project management, efficient monitoring, quality assurance, and cost control.
Have the concerns mentioned above? The best way to solve these risks is to choose the fixed price based outsourcing. Fixed price business model is one of the pricing models for software development that can be a perfect idea for the result-oriented clients. It allows delegating the responsibility to the third party instead of being involved in the development process. Thanks to this, our billing clients usually find this model the most comfortable and rather secure.
Having defined the ideas of the project and a clear scope of features you want to implement, we can fix a budget in advance. Our team delivers a defined product at a predetermined price. No unexpected changes to the project mean no extra charges. Artelogic undertakes to apply properly the risk reserve and to keep all the project requirements.
Fixed price model keeps such a framework:
If we talk about the fixed bid agreements, you need to have a clear vision of the end product you are going for as the changes that can be applied to the project in progress are rather limited. This does not mean that it is not possible to add modifications, however, they will require additional agreement or reestimation of the final web development product. Such limitations exist because the executive company makes a long-term commitment which they have to fulfill and any list modification is a potential risk.
As always, there are both pros and cons of the fixed project software development. When it comes to the fixed price contracts disadvantages, there is one thing to mention -
Meanwhile, the main benefits of the fixed price contract strategy are:
As you may see, project outsourcing fixed price model is a comfortable combination in terms of money, security, planning, and expertise. So, contact us today to benefit from the price contracts project in the nearest future!