Fixed Price – Listing
- This is arguably the only model that will provide an accurate forecast of budgets. As it is a fixed price project, it will enable the client organization to get the best return on investment if the estimates have been drawn accurately. Strategic investments can be made into our own technology practices as well as into client relationship management.
- The fixed price model increases the responsibility on the part of the client to select the best-fit outsourcing provider. Inaccurate requirements, scope and estimates will result in change request, higher cost, delayed project implementation. The risk increases as the value of the project increases. The model is not flexible as changes midway will be subject to change control procedures, and more often a lot of management time is lost in such exercises.Change control procedures by itself should be well defined and documented prior to the award of the contract.
*only applies to custom web development project.