Fixed Cost

Description

In this model, we offer to execute a software project at a fixed price. This model is generally followed where the project specifications are clearly defined and the software development lifecycle can closely follow the waterfall model.

Ideally, the client has a well defined SRS (Software Requirement Specifications) document and has defined all other details like technology platforms, database model, software architecture and other required technical aspects. We undertake such projects with a fixed price quote and deliver them in due time with the best quality.

Occasionally, a fixed-price project may require additional programming work due to change or addition in scope during the development phase. Under such circumstances, it is possible to revise the fixed-price based on the new scope of the project or continue development within the scope & fixed price and then switch to another model such as hourly charges model.

Overall goal of the team is to minimize the additional cost due to scope addition, in whichever model it suits the budgets of the client