Pricing
Our three Pricing Models
Our pricing model differs for each undertaken project on the basis of your requirement. However, the general pricing format is common and as follows.
For your convenience, Stylusinc offers 3 different pricing options:
- Full Time Equivalent (FTE)
- Fixed Price
- Time and Material (T&M)
Full Time Equivalent
The Full Time Equivalent or FTE option can be availed for projects which require experts on a minimum of 3 months contract period. The costing for the same, irrespective of technologies or years of experience, would be a per hour costing for the 3 months period ( 160 work hours per person ).
Advantages of FTE arrangement are:
- Highly flexible – Can follow any development life cycle
- Individual service components can be offered e.g. Analysis, Programming etc…
- Dedicated team
- Lowest possible cost
- Client has a competent account manager on his side
- Client involvement is high
This is a least cost option and hence you’ll have budget predictability and IP ownership. The dedicated team/individual working for you is highly flexible i.e. they can start with any level of expertise on the application. This places a high amount of control in your hands.
Fixed Price
Fixed Price projects are best suited for those who either have a clear requirement document or have no requirement document ( in which case consulting/analysis or requirements gathering will need to be done ). FP also works best for new customers or clients who do not have much idea of the technology side of the project and need a business problem solved.
The typical Features of this model are:
- Fixed Price
- Fixed Scope
- Client has a business idea that needs to be implemented or a business problem that needs to be solved. In some cases there is a clear requirement spec (typically detailed analysis & application design already completed)
- Separate Fixed Price quotes of Consulting, Analysis and Deployment of product or solution
- Stylusinc keeps the IP (Intellectual Property) rights of the product, but share full rights to use the software. However, if the application is fully designed when it reaches us, then we give the IP rights to the client.
- Stylusinc walks alongside the client in advising best options for the solution
Typically asked for by clients with less project requirement clarity and offered by us only when we have high clarity on the requirement. Advantages of this arrangement are low perceived risk and budget predictability
Time and Material
The typical Features of this model are:
- Single Standard rate – X$/hr – irrespective of resource used
- Follows typical SDLC timelines (10 -15% — Analysis, 10 – 15% — Project Management, 10 – 15% — User Interface, 40% — Coding, 10% – 15% — Testing)
- Ideal for small jobs/tasks based approach
- Client involvement is more
- Client keeps IP
Advantages of this arrangement are that you have more control over implementation and it is highly flexible. This arrangement is advisable when requirements are beign evolved and there are many iterations to the requirements spec.
Our FAQs will help clarify many of your questions. Moreover, when you choose us, you know you can rely on an outsourcing partner whose vision is to leverage technology to transform businesses. We will help your business leapfrog over its competitors on the path to growth, expansion and profitability and to find out how, write to us.
