Fixed Price – Listing

Features

• Fixed Price model demands that the scope of work, the milestones and the final deliverables are clearly defined and agreed between the parties.
• Project requirements are very clearly defined at the start of the project.
• Regular and periodic reviews and focus meetings.
• Billing is done in phases or stages. A standard phased approach is as below as a guide only*:
• 40% on project initiation
• 20% User Acceptance Testing Initiation
• 30% on completion of User Acceptance Testing (UAT)
• 10% on production and go-live.