"The scope of my project is specific, can you suggest the perfect cost model for my project"
Fixed Cost Model is the best suited for a client like you with well-defined scope and Software Requirement Specification determined in terms of requirements, schedules and project path. In this model, the project is executed under mutual agreement between you and the company for a fixed time at fixed pre-negotiable cost in terms of hours.
"My project doesn't have any software requirement specification, is there any model that will deliver the right solution"
Time and Material based Model is a suitable model for projects with dynamic requirements, where the Scope, Specification and Implementation plans are not specific at the initial stage of development. This model is preferably used for long-term projects that are prone to design changes in midstream due to the changing market trends. The company will provide you a rough estimation of the project where the cost factor depends upon the hourly duration of the project.
"I have a general idea of my project, but I don't have proper specification or requirement" - can you educate me about the available model suiting my requirement
We give you two different options under Utilization Based Billing to meet your requirement; it's your choice to choose the comfortable one for your project.
Hourly based model will solve your problem, which is based on the duration, or the hours worked on your project, which doesn't have any estimated time constraint or fixed cost. Your project will undergo all the stages of analysis, design, development and implementation and after the completion we charge you fixed cost according to the number of hours worked on the project.
Prepaid Packages Based:
Prepaid Packages Based Model is contrary to the hourly-based model where you make a payment to the company at the commencement of the project for certain estimated hours. If the project exceeds the planned hours, then you have to pay an amount for the exceeded hours and if the project is completed before hand than the estimated time, we will refund you the excess amount calculating in terms of hours.
My requirement is "A dedicated person to handle my project giving out the best - do you have any suitable resource model"
Full Time Team Model can satisfy your requirement. It is an agreement or contract for a period of time between you and the company of allotting a particular person for the commencing project. Each and every step of the project starting from the analysis stage to the implementation stage, the entire task is carried out by that particular person for a period of time under fixed cost calculated in hours. You can see how our Dedicated PHP developer Model works from here.
" I have a project with specific requirements for certain modules and some are vague" - Any cost model suitable for mine
Mixed Mode Model gives you the right solution; it is a combination of both Fixed Cost Model and Time & Material Based Model. The project execution includes cost linked with time, effort, skills and expertise.
A project with mixed mode model will have combined specifications of both the models. Time & Material based model can be used in modules where you are not specific with your requirements. Similarly, Fixed Cost model can be adopted for the modules that have complete project scope and specification and the cost are fixed for the modules in terms of the specifications and the hours worked.
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