Pricing: Time & Materials vs Fixed Price Comparison


Time & Materials

Think about it like:

  • You just have a concept about the project,
  • You just planning modules and functionalities you want to implement, but you don’t know if it will fit to your users,
  • You don’t know what is the scale of the project (eg how many users will be using it)
  • You don’t have project documentation and you want us to cooperate with you to make your project live
  • Not so much work has been done before the project reached development phase

Benefits:

  • You can modify project scope during it’s development (move some hours from one module to another)
  • You can always pause project

Price:

  • we make a draft project budget estimation
  • billing depends on exact time spent on a project (you have a total control of the work to be done)
  • billing is based on project Sprints (eg in 2 weeks time or a month time)

Fixed Price

Think about it like:

  • You have all the information about the project (wg you have your own designs, mockups etc)
  • You know which modules and functionalities you want to implement and you are not going to change them,
  • You know what is the scale of the project (eg how many users will be using it)
  • You have project documentation and you just want us to code it or you want to create specs first and then develop you project
  • A lot work have been done before the project reached development phase

Benefits:

  • You get the exact timeframe for your project
  • You know the final price and this should not change during the development, it can only change when something is changed

Price:

  • we make a project cost and time frame estimation
  • billing is divided into stages and the final invoce is made when the project is done
  • billing is based on project stage size
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