Fixed Price Engagement
This engagement only applies to short-term contracts as pilot projects and to evaluate our capability. Under this engagement model, we will work closely with you in crystallizing the requirements of the software so that a fixed-price program can be used for the contracted software engineering work.
MeU Solutions is sometimes engaged by you to provide consulting services over a short period of time in the detailed business requirement definition, systems design and other services for the formulation of the very concrete specifications that are typically required prior to the entering into fixed-price contracts for software development. Our practice is to assign a Software Architect or Technical Service Team (functional support) to interface with customers to define and clarify your requirements and perform architecture and system design and analysis work. Software coding and testing will be carried out by our software engineers, also managed under our Project Manager.
- For short-term projects with limited project scope.
- Projects that have well-defined goals, vision, workflows, and results which are unlikely to change for the course of development.
Pros and Cons
- Its most significant advantage is its predictability. With this model, you can determine the expenses of 1-3 months before the start. This model requires clear deadlines which assist the developers in completing the project on time.
- Since the project is divided into individual tasks, the workflow of the project is simple and easy to comprehend.
- More clearly defined specifications and requirements with lots of details gives a clear view of the project.
- The overall cost never exceeds the budget.
- For MVPs.
- No scope for flexibility.
- If you don’t communicate your requirements correctly, then the delivered product won’t same as expected.
- Any change in the scope would cause a change in the total cost and this change would be compensated by the service provider’s end.
- It involves face-to-face meetings and discussions before the start of the project.
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Expertise with Native iOS/Android Application Development
Our mobile development expertise covers the following technologies: iOS, Android platform. Check out here for successful cases.