understanding fixed bid engagement for software development series2
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Software development
engagement series - 2
Understanding Fixed Bid engagement for software development
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Presentation Contents
Definition When to use Project approach The cost / fee Reach us
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The Definition
Fixed Bid
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A Fixed Price model is viable for projects with well defined requirements and schedules. When your need is clearly specified in sufficient detail, we will estimate
the project scope and complexity, and provide a project delivery schedule along with a fixed price for the complete software development.
Under this business model, we ensure quality delivery of the final product within a pre-scheduled timeframe, and you pay a mutually agreed fixed price for the project
implementation.
Defining Fixed Price
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When to use
Fixed Bid
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When your requirements are clear and defined in detail.
When the projects are spread over a few days to a few months.
When you want little or no flexibility on the project requirements.
When you want to determine the exact budget in advance.
When you don’t want to have a direct control on resources.
When to use Fixed Bid engagement ?
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Control Vs. Savings under Fixed Bid for high tenure projects
Savi
ngs
Control
Time and Material
Fixed Bid
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Project Approach
Fixed Bid
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Fixed Bid Project Approach
Requirements Gathering
Contract
Development
Delivery
Proposal and Schedule
Understanding of Project
4 days
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Cost / Fee
Fixed Bid
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If you wish to go for a fixed price model, we would provide you with a fixed quote for the fixed and detailed requirements that you provide to
us.
The engagement will be for a pre-defined period and any changes or additions to the requirements would involve re-negotiation.
Cost of software development on Fixed Bid
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Still can’t decide on an engagement model ?
iBoss can help
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Thank You
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