Predetermined Price Approach
If the system requirements are clearly defined at the outset, then this is the ideal option that can be taken up by the client. At SixthStar, we quote a specific price within which we carry out the entire project development. This option provides a low risk alternative for the client as we guarantee the delivery of the project on time within the budget limits as specified by the client. This model logically explains the costs involved and deliverables to be expected. For any changes that can occur later during the project execution, the client is charged a rate that has been previously discussed and negotiated upon.
Time and Material Approach
Sometimes, it happens that the client is not sure or it is not so easy to define the scope and the specification of the project at the initial phase. In this case, the time and material approach becomes the right option. Under this option, the client pays according to the number of man-hours that are put into the project. Later on, if the scope and project specifications are determined then the fixed priced approach can be selected. We thoroughly ensure complete transparency to report the exact number of hours that we dedicate to your project and still no complaints and good reviews from the customer.