We prepare an estimate for the project depending on the format of the work. We usually use two types - Fixed Price and Time & Material.
Working with Fixed Price means that an estimate is first drawn up. It strictly defines the scope of work and its content, timing and cost, and takes risks into account. As a result, the customer knows exactly how much he will pay for the project. But to make changes to the project, you will need to return to agreeing on the estimate, timing and cost: all modifications are formalized through an additional agreement and paid separately.
A fixed price contract is suitable for projects with a clear understanding of the desired result. If you understand that there will be changes in the project, then it is better to choose another option.
Time&Material, in turn, allows you to fix the rate of developers and other specialists per hour, and the work on the project is divided into periods (usually a month). At the end of each period, the cost of work is calculated in accordance with the time actually spent according to our tariffs. When new tasks arrive, we make a preliminary assessment, but it may change during the implementation process.
This is a cost-per-use pricing model that is suitable for projects with changing requirements and active customer participation in the development process. Work on T&M, as a rule, is carried out using flexible methodologies, which allows development to be carried out in iterations and once in a certain period to obtain a ready-to-use product or changes in it. The customer can add or remove new functions without entering into a new contract. The team keeps him in the loop at all times - we ensure transparency of the process through regular meetings, reports and time tracking.