The Fixed Price model is an excellent choice for clients looking to adhere to a predetermined budget and project timeline. It ensures transparency, offering reassurance in the reliability and integrity of the service provider. A lot of our services are delivered by Fixed Price model.
This pricing structure strikes a perfect balance between cost efficiency and quality, making it ideal for businesses focused on cost control without compromising professional standards. If your priority is to optimize expenses while ensuring a high-quality outcome, this model is the right fit.
With Fixed Price agreements, the total budget is established before the project begins, eliminating financial uncertainty. Deadlines are clearly defined, and all technical specifications, along with other project-related documents, are carefully planned and finalized at the outset, ensuring a smooth and efficient collaboration.
When is a Fixed Price Contract the Best Choice?
Small and medium projects with clear typical structure
Simple projects which structure and features are typical and understandable.
You want to avoid unexpected costs and stay within a set budget.
Budget certainty is important
The project requires a well-defined functionality
Such as a standard e-commerce website or a simple digital solution.
You need quick project completion without delays.
A fixed release date is essential
The Fixed Price Model is ideal for small to medium-sized projects where all functionalities and timelines are clearly defined before development begins. Our team meticulously plans every aspect of the web development process, which follows these key stages:
Detailed technical specifications provided by the client reduce the total cost
Stages of the cooperation model
Requirement Collection and PreEstimation
We gather draft necessary details the customer would like to implement.
Agreement Signing for Specification Development
Formalizing the agreement to define project specifications, requirements, and expectations before development begins.
Specification Writing and Cost Estimation
Documenting detailed project specifications and determining the total cost to ensure transparency and accurate budgeting.
Approval of technical specifications
Reviewing the finalized project technical specifications before development begins. Only 1 correction stage.
Development Contract Signing
Formalizing the development contract to confirm project scope, timelines, and responsibilities before work begins.
Prototyping and Design
Creating wireframes and design concepts to visualize the project's structure, layout, and user experience before development starts.
Acceptance of prototypes
Coordination of prototypes and making adjustments.
Web programming
The process of writing and coding the website's functionality, ensuring it works as planned and meets all technical specifications.
Testing
The process of evaluating the website’s functionality, performance, and user experience to identify and fix any issues before launch.
Acceptance of work and adjustments
Acceptance of work and adjustments within the technical specifications.
Release of the project
The final step where the completed project is launched and made live for public use or client access.
6-month warranty
If you discover any issues during the 6-month warranty period, we will fix them at no extra cost.
Pros
Clear predicable scopes of work according to the technical specifications
Clear predicable budget according to the technical specifications
No ability to change project requirements during the development stage
Cons
Check cases developed by Fixed Price cooperation model