Fixed or flexible - which contract is better?

In most of the industries it is relatively easy to calculate a price of a product. Generally its the cost of raw materials plus some margin. Software development, however, is a completely different beast. It’s very hard to accurately estimate the cost of a project and there is a very good reason for that. There are just too many variable involved in software development.

More often than not the project requirements or scope is not precisely defined. The technology to be used completely depends on what is going to be developed and also a lot of the times it will be of varying quality. The implementation, documentation or fitness for the project completely changes based on how things get understood by the developers. As one can appreciate that it is not possible for people to know about every different field, projects from different fields require developers to learn about new things and ideas and concepts. Not only that, a developer will then need to code a solution to the problem at hand. All of this requires time, effort and knowledge.

Pricing - The real story of software development

Although at TechnologyC we offer both fixed and flexible pricing depending on the project, unless the project in your mind is very small, the cost of the development is probably higher than what you think it is. If a quote sounds surprisingly cheap to you then chances are that either your project will be offshored to another country, where you lose control over your project, or an inexperienced developer will be working on your project.

Software is part of every industry in the modern days and that makes the software developers high in demand, and the average salary figures confirm this. Although the average salary depends on business type and geographic location, no matter how you look at it, good software development is expensive. And for good reason.

Bespoke Software development cost and estimation

Source - https://www.quora.com/How-much-does-custom-software-development-cost

At TechnologyC, we thrive on new and interesting projects. We are a bunch of tech-savvy developers and testers. New and exciting projects always interest us. However, today we are here to talk about a question most of us face while talking to a potential client about development cost.

In a sentence - "It depends on a lot of things from requirements to specific technical integration points."

Here is a brilliant discussion on Quora on the same topic. We encourage you to read it to have a better understanding.

Why fixed-price software projects are not feasible at times

There have been numerous discussions on the process and pricing of software development since the beginning of the this era. Having been a part of the industry and the development community we have faced similar situation while talking about various types of projects and pricing.

Different projects require different development strategy and therefor we realise that similar pricing structure does not work for every type of project. Although, we do offer fixed priced solution for smaller projects, mostly for bigger and lengthy projects it always need to be flexible pricing and here is why -