The scope of the project, as well as its cost and schedule, are established up front in this model. For extended collaborations, this structure is ideal. Knowing that the project will stay within the predetermined budget gives the client peace of mind at all times. Customers who have a clear idea of what they need are the best fit for this model.
For web development, the hourly rate seems to be the most common method of charging clients. The most common method of charging for time spent on tactics is by the hour. Since they are the ones who propose the project’s requirements and offer tweaks, customers take on more of an active role in this one. To some extent, they have the freedom to adapt their plan as they go along with its implementation.
Fixed Price Model
This is a tried-and-true method of doing business, in which clients simply pay the app developer by the hour for their services. Because they don’t need to come in with exhaustive specifications, clients can jump right into the project. Moreover, with this pricing structure, clients can add new capabilities at any time, and there are no surprises when it comes to the final bill. As a result, there is significantly more openness and interaction.