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:
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.
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.