Engagement Models - Fixed Price / Fixed Bid
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As a service buyer, you will always want to know how much you are paying and what you are getting in return. Fixed price engagement model is the best fitted in such situations as it gives minimum exposure to risk and is most transparent. This IT vendor engagement model is ideal when the requirements and scope of the project is well defined and frozen.
How it works
- We will analyze the project scope.
- We will submit you the proposal and effort estimate for approval. The proposal will detail our understanding and the scope of the project, development approach, technical approach, project planning, testing approach, rollout schedule and cost estimate. The effort estimate sheet will detail the module wise estimated efforts.
- Upon receiving go-ahead to our proposal, we will assign a team of programmer(s) for your project.
- The project status and progress will be reported to you on weekly basis by email or project management tool.
- Dedicated team of testers will be assigned for the project to ensure bug-free output.
- We will be responsible for coding as well as project management.
- The programmer(s) allocated on the project will be available for direct communication with you via email, and instant messenger.
- We will invoice you at mutually defined and agreed milestones.
- Technologies catered are PHP, ASP.NET and Java
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