Description
Conditions
Advantages
Fixed Price
A fixed price model is the service to be provided very specifically, and then sets a single price for the project, regardless of how much time and expense the suppliers company incurs.
Detailed specification, exact requirements, strict deadlines. Customer clearly knows what does he want to get in the end of the development. Ideal for projects with fixed requirements, budgets and strict deadlines.
- Precise cost control. Price is fixed and can’t change if requirements are not changing.
- Delivery time fixed. Project plan known.
- Warranty.
- Minimum risks.
Time
Supplier provides specialists of certain professional level and customer pays only for time and resources spent on the project. In case of partial workload minimum quota per month is set up and terms of specialists’ availability influence on rates.
No exact vision of the final product and no exact terms of delivery. Possibility for creation of work team with specified workload. Ideal for Agile development methodologies and ideal for projects developing MVPs.
- Possibility to start with partially defined requirements.
- Medium hourly rate.
- Flexibility.
Dedicated Team
Supplier will create a team of resources according to customer project requirements. Payment is made according to allocated team time. The customer is responsible for providing adequate workload and estimates for planned work to keep dedicated team busy.
No complete vision of the final product and no exact terms of delivery. Need of long-term expertise focus in a fixed team. Assumed 100% of workload, paid downtime. Ideal for Agile development methodologies. Ideal for regular product development & support.
- Fixed team with focus on one customer.
- Lowest hourly rate.
- Full control and availability of the team.
- Long term expertise.