Fixed Price Project
Fixed Price Model is perfect if you have tightly defined the project deadline. You can choose this popular pricing model in which a fixed cost and timeline is given to deliver particular tasks. We calculate the hours required to deliver the project and multiply it to our hourly rate and thus quote a fixed price. This low risk option helps you in planning the finances better. We offer milestone based payment option on fixed price projects.

How Prices are calculated in Fixed Price Models?
In a fixed price model, prices are calculated based on the following factors:

Clarity of the project scope
The clearer the scope of the work, the easier it is for us to determine a timeline and hence quote a precise cost. On the other hand, if the scope that you are providing is very open; then we have to add a buffer to the price to make it up for any surprises.
Professional Skill level and experience
For complex projects or those with a shorter timeline we need to manage better skilled and experienced resources. People with higher experience, knowledge and better skills are paid higher and hence the hourly rate for a project depends on that. Under most cases, the hourly rates vary between $10 and $12 per hour.
Size of the project
Larger size projects tend to attract better pricing as they ensure cash-flow for a larger period of time. Shorter project on the other hand gets quoted on a higher end.
Lead time to start a project
Lead time is defined as the duration between formally committing to a project (i.e. signing contract and sending advance payment) and the day when the project officially begins. If the lead time is short, then we have to do more dynamic allocation of resources across multiple projects and there is a lot of overhead. Hence, such projects get quoted at a premium fees.
The bigger the project, the lower the cost
Larger size projects tend to attract better pricing as they ensure cash-flow for a larger period of time. Shorter projects on the other hand get quoted on a higher end for their limited range.

Hire People On Monthly Basis
Through our dedicated monthly hiring program, we offer you to hire, manage, and pay for the professional talent you require for the particular assignment. You can hire our full-time employees who will exclusively be dedicated to your work. Under this hiring model, the project management is directly in your hands thus giving you the ultimate control. This model is guaranteed to save you almost 40% of cost as compared to any fixed price quotes. Thus the model ideally suits the time oriented large projects.

How is it better than Fixed Price Quotes?
Dedicated Hiring has an edge over fixed price quotes for following factors:

Dedicated and committed team
As the professionals work exclusively on your project, they build strong business knowledge and soon they become active contributors and participants in decision making process. We relate the compensation of our employees directly to the success of your business to ensure that they achieve the highest level of involvement in the assignment.
Be in the driving seat
You can directly dictate things right from the development model followed to priority of the deliverables to deciding who does what and when. This is a tremendous benefit as you can control things directly.
Access to managerial services
You don’t need to be experienced in outsourcing or project management in order to benefit from this model. The service includes project management support to ensure that everything is well coordinated and brilliantly executed.
Access to specialized skills
You can hire people with individual skills like Analysis, Programming, Design or Testers when you need them on task based temporary basis.
Low cost
For any average projects of 3 man-months duration, this model should save you 75% - 80% cost when compared to local providers and it should save you around 30% in comparison to other offshore services providers.

Get started:
STEP 1:
select the specialization of the required resource i.e. between Custom Web Development, Support and Maintenance Specialist or Open source experts.
STEP 2:
identify the desired experience level of professionals.
STEP 3:
determine how may people you require and if you need them for full-time, part-time or hourly basis.
STEP 4:
choose the resources and begin work.