Our standard engagement model is to charge a fee for service under one of two methods; a Fixed Price Project or Bill of Time and Materials.
Fixed priced projects are budgeted based on an estimate of resources required for the duration of a project. These resources include costs for staff time as well as any software licencing, hosting and other project expenses. Fixed Priced Projects give our clients the security of knowing the upfront cost of a project so they can arrange finances accordingly. The most important step required to successfully plan a fixed priced project budget is to define an accurate project scope.
Without an accurate project scope, it is near impossible to establish an accurate budget. Two possible outcomes of a poorly scoped project include underquoting and overquoting, both which lead to a negative experience and a strained relationship between client and service provider. Underquoting can result in the quality suffering as the original requirements can not be delivered with out incurring extra costs. Overquoting can result from a contingency being added to the project budget to allow for the unknown scope-creep that will inevitably happen as there is no real scope to start with. An accurate project scope, with an agreement detailing how any alterations to the scope will be handled, helps ensure a fair and productive relationship and a focussed project delivery.
Our web and e-commerce projects will always go through a series of stages. The completion of these stages present key moments throughout the project life-cycle to review and sign-off before commencing the next stage. These are the project milestones and form the basis of our billing for Fixed Price Projects. While not all projects share the same milestones, following is an example milestone payment schedule for a 10 week website design and development project:
|1: Planning & Project Management||20% project costs||Week 1|
|2: Design Completion||30% project costs||Week 3|
|3: Development Completion||30% project costs||Week 7|
|4: Website Launch & Hosting||20% project costs||Week 10|
Projects that are billed to time have the advantage of agility and flexibility, however this does not mean there is an open budget. Under this model, we commit time to planning a new feature, estimating design and development time and managing the task through to completion. The new feature release life-cycle (or iteration) is usually 2 weeks; any feature that can not be delivered within that iteration is puched to a later one. This model is ideal for projects that need to get a minimum viable product online quickly, then continually evolve the product over time based on user feedback and analysis.
The best way to get an accurate idea of a project budget is to complete the New Project Enquiry form and list the details about your project. This will allow us to compare your requirements against other similar projects that we have completed and provide a project budget and timeline.
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