Fixed Price Model
Deliverables, Costs and Timelines are clearly defined in the Fixed
Time/Fixed Price model.The project is agreed to be executed within
a fixed time at a fixed pre-negotiated price.This model is ideal
for a Project which have elaborate and sufficient details for each
stages of execution and have unambiguous documented specifications.
These projects typically leave little scope for changes and additions
during the project execution. This model can easily be adopted
for well understood solutions with relatively low to medium levels
of complexity.
Pricing
The client & Samyak Online will enter to in an agreement that covers visual aspects, documentation, application design, testing, support period, change management, communication protocols, milestones, timelines and commercial details. The project is executed as per the agreement.For any changes there is a standard change request procedure that is followed for which we have structured processes in place.
Advantages
- Limited risk to Samyak Online & Client as the scope, price and timelines are fixed in this model.
- Tremendous cost advantage to client: speedy completion for project as the changes during execution are minimal.
- This model's success depends on the active & mutual cooperation between the client and Samyak Online.
- It assumes that the client will provide timely and relevant feedback & decisions and Samyak Online will execute them to provide best solutions to the client.