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The fixed price model of cooperation is designed for short-term cases like feasibility studies, R&D tasks, proof of concept, and others. They all need accurate time and budget estimates with minimum uncertainties and maximum understanding of requirements.Fixed price software development approach perfectly fits the MVP delivery and short trial periods before longer engagements or dedicated team setup.
Overall, it’s the best match for projects with a limited scope and set requirements. Any changes will be a reason for additional assessment and a new contract.If you decide to go for fixed-price web app development, it’s crucial to accurately define the scope of work and all technical requirements, big and small.
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Case studyBefore fixed-cost software development, we discuss your project idea from a technical perspective and collect all the requirements you have.
We prepare an accurate time and budget estimate for the web development tasks based on the confirmed requirements.
Having agreed on the timelines and development price, we work on the legal aspects of our cooperation, while tech initiation is starting.
We deliver a finished product together with the description of the next steps for its further development.
When a development team can estimate precisely how much work has to be done – choose a fixed price model. The hourly model is a better option when your requirements are not clear.
The fixed-price contracts come with a pricing guarantee. As long as the project doesn't go beyond the defined scope of tasks, the price will stay the same. These contracts provide for a well-defined process complete with specific phases and deadlines.
Crystal clear requirements, short-term duration (for example, Discovery Phase). If the project is longer than 6 months, it’s better to use T&M.
We cover the entire software product development process and provide support services afterward within the quality management system. Technical expertise allows us to cover full-cycle development, incorporating business vision at every project stage. Our experience in multiple industries makes TechMagic a reliable partner for software development outsourcing resulting in the commercial success of your product.
As a software product development company, we create high-quality products starting from PoC or MVP development for testing your product idea to building complex enterprise software. We ensure the digital health of software solutions by providing ongoing automated testing of product features.
We discover market trends to offer the most cost-efficient solution. Our web application development services it's not just about software engineering. It's about finding the right technology stack for your business needs and developing future-proof custom software development solutions. Custom software development backed by market research, strategy consulting, project management, and agile development process.
