Fixed Pricing Model.
Phaedra offers clients a fixed price/fixed scope model when the project specifications are reasonably clear. Under this low-risk model, we define the deliverables and timelines.
Fixed price model is low-risk with a managed workflow, clear requirements and fits small businesses.
HIRE PHAEDRA TEAM.
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Fixed price model is a great fit for "compact" projects
ENGAGEMENT MODELS AND PAYMENT.
Reaching Potential Prospects.
In this stage, either the client or we as an outsource company reaches potential clients. After getting connected, we share details if the other party shows interest.
We prepare business proposals for the client’s future project enlisting all important information. Project manager also makes sure the availability of the developer as it falls under resources assessment.
Meeting With Stakeholders
We collate comprehensive information about the service or product in order to make rough estimates. For that matter, meetings between the two parties define the future course of actions.
A client is provided with a ballpark estimate, a rough idea of the project cost and duration. Usually the business and sales department draft this estimates document along with scope of work.
Other Engagement MODELS AND PAYMENT.
Allocate team that work only for your product Our dedicated development team works hand-in-hand with you. You pay for the week or month of work completed by the team. Suitable for early-stage startups when the product needs to be discovered along the way. Less planning and a faster start.
Time & material model.
An agile business model where the client only pays for the resources and time spent on the project. The payment could be on an hourly basis and the scope of work is defined for specific tasks assigned. Ideal for complex or long or time-taking projects with inevitable changes in the scope.
Fixed price model.
Project scope is clearly defined with deliverables and timelines. Ideal for short-term projects with a duration of 3-6 months typically. A client must be abundantly clear about the performance of the final product. This model doesn’t pay for time and resources utilized rather on results with a fixed budget.
HOW WE WORK.
We improve team performance by tracking and optimizing each and every step of the development cycle.
In-depth knowledge enables us to develop an understanding of the challenges a client faces.
Our rigorous internal screening process identifies the gaps and ensures your project is in reliable hands.
We come up with an effective set of dos, don’t, and hows in the context of future app design and development.
Design and prototyping with the requirements in place once finalized moved to development.
This phase is about writing the actual code and converting the design into the software within SDLC (Software Development Lifecycle).
After development, system testing and integration start, and if bug-free the crafted solution is implemented.
In a commercial world, different types of contracts exist for a service or product development from a third party. No matter which pricing model you choose, it affects the implementation of the project. When you opt for a fixed price at Phaedra, you wash hands of the affair and wait for developers to get the job done.
At Phaedra, we make heavy use of the fixed price model and we have returning customers because of the level of satisfaction we deliver..
How our fixed cost pricing model works?
This model fits perfectly for short projects and as a rule, the duration could be 3-6 months typically. A mandatory condition for entering into this contract is the ability of the client in describing the future product i.e. web or mobile development in crisp clear detail. We emphasize the client in being abundantly clear about the performance of the final software / product. In turn, our team of developers work on every aspect of the project following the Agile methodology and offers fixed price estimations for the project.
At Phaedra Solutions, we rigorously follow scrum principles while working on fixed price projects as they totally work for a limited time and budget environment.
it’s not about ideas
it’s about making ideas happen