Our standard pricing
Our standard hourly rates are $30 per hour for any engagement other than any plans mentioned on our website. Any engagement going beyond 10 hours will cost only $26 and will be billed only based on milestone so that you don't have to worry about losing money and your money will be rightly utilised. We will quote you the time required upon discussing the requirement with you and the task would be carried out accordingly. You will be billed only based on our quote or the plans mentioned on our website and no other extra cost will be applied.
Please Note: Taxes may apply in addition depending upon your geographical location.
Fixed Cost
As the name itself implies, this is a Price based. This is the most mature of models. In this model, a fixed amount of money is guaranteed for delivering a piece of work subject to mutually agreed scope.
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The fixed price model demands that the scope of work, the milestones, and the final deliverables are clearly defined and agreed between the parties.
Pros
This is arguably the only model that will provide an accurate forecast of budgets. As it is a fixed price project, it will enable the client organization to get the best return on investment if the estimates have been drawn accurately. Strategic investments can be made into our own technology practices as well as into client relationship management.
Cons
The fixed price model increases the responsibility on the part of the client to select the best-fit outsourcing provider. Inaccurate requirements, scope and estimates will result in change request, higher cost, delayed project implementation. The risk increases as the value of the project increases. The model is not flexible as changes midway will be subject to change control procedures, and more often a lot of management time is lost in such exercises. Change control procedures by itself should be well defined and documented prior to the award of the contract.
Time Based
Payments are based on the number of hours of work completed per day. This model is ideal for situations when the scope of work and the deliverable cannot be clearly defined. It is also utilized when a certain level of research and development needs to be done in an on-going project.
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The fixed hourly rate across the project
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Time Tracked via our project/support portal timesheet
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New work pre-approval process with fixed-time estimation
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No minimum hours utilization per month, buy pre-pay hours and use over a period of time Ideal for smaller projects
Pros
This model is very effective if there are a lot of unknowns in a project or work. This model also enables the client to quickly increase and decrease project teams as per requirements and budgets. It is the model of choice for the initial phase of new development projects.
Cons
The client needs to set aside management hours for tracking and controlling vendor resources, including the approval and clearance of time-sheets. It is often difficult to provide accurate budget estimates since there would not be any limits on the hours of utilization.
Vendor managers will not take responsibility for deliverables and management of stakeholder expectations.
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