Pricing: Time & Materials vs Fixed Price Comparison
Time & Materials
Think about it like:
- You just have a concept about the project,
- You just planning modules and functionalities you want to implement, but you don’t know if it will fit to your users,
- You don’t know what is the scale of the project (eg how many users will be using it)
- You don’t have project documentation and you want us to cooperate with you to make your project live
- Not so much work has been done before the project reached development phase
Benefits:
- You can modify project scope during it’s development (move some hours from one module to another)
- You can always pause project
Price:
- we make a draft project budget estimation
- billing depends on exact time spent on a project (you have a total control of the work to be done)
- billing is based on project Sprints (eg in 2 weeks time or a month time)
Fixed price
Think about it like:
- You have all the information about the project (wg you have your own designs, mockups etc)
- You know which modules and functionalities you want to implement and you are not going to change them,
- You know what is the scale of the project (eg how many users will be using it)
- You have project documentation and you just want us to code it or you want to create specs first and then develop you project
- A lot work have been done before the project reached development phase
Benefits:
- You get the exact timeframe for your project
- You know the final price and this should not change during the development, it can only change when something is changed
Price:
- we make a project cost and time frame estimation
- billing is divided into stages and the final invoce is made when the project is done
- billing is based on project stage size