FIXED PRICE COOPERATION MODEL
The Fixed Price pricing model is an ideal solution for customers who want to meet the originally agreed budget and/or the terms of the project implementation. This gives them additional confidence in the reliability and honesty of the executor.
In fact, Fixed Price contract constitutes the ideal balance between the price and the quality of the created solution. Therefore, if one of your main goals is maximum savings, and while you want to get a result acceptable from the professional point of view, you definitely should look towards this model. As a result, you know the budget before the project starts, the deadlines are strictly defined, and technical specifications and other kinds of project documents are compiled and finalized at the very beginning of the collaboration.
When is Fixed Price Contract Most Suitable?
- The speed of implementation is crucial for you;
- You need to be sure about the exact release date (to plan the advertising campaign, for instance);
- You want to be sure the project stays on budget;
- You want to create a product with trivial functionality (for example, the common online store).
«KNOW» - THE PROJECT DEVELOPED ACCORDING TO FIXED PRICE MODEL
Here is an example of the Fixed Price model project - the British startup KNOW, which encourages people to share their knowledge. All the requirements were clearly defined at the initial stage, the project architecture did not imply its further expansion, and for the customer, the deadlines for the delivery of the project, which were spelled out in the development agreement, were important. Please check customer feedback on Clutch.
CUSTOMERS
FEEDBACK
Faisal Amjad
Social Education Platform
The site built by WEBCASE is high-quality and polished. It was well-received by beta testers during its soft launch, receiving unanimously positive feedback. WEBCASE were flexible partners, meeting most deadlines and budget targets, and communicating effectively despite geographical distance.