Project Based Pricing (Fixed Price)

Project based pricing model is also referred to as Fixed Bid or Fixed Price. The typical features of this model are:
Fixed Scope
Fixed Price

This option is asked by clients or suggested by us in the following scenarios:

  • Familiar Requirements: The client or FDSC have done similar projects.
  • Clear Requirements: Scope and specifications for the projects have a high level of clarity.
  • Requirements and Design Documented: Requirement analysis and application design have already been completed.
     
Pros
Cons
  • Low perceived risk but actually high risk because the changes cannot be brought about without a cost being incurred during the course of the project.
  • Predictable Budget
  • Low flexibility
  • Highest price

 

Milestone Based Pricing 

This option works for Clients who are concerned about progress in remote projects, milestones-based payment schedules reinforce progress monitoring. It helps justify payment based on achievable milestone and visible progress reduces risks.
 
My status
Fairdeal Software Consultants Pvt. Ltd. (FDSC) is an Offshore Software Development Company