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, Stylus Inc. 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:

1. Highly flexible – Can follow any development life cycle
2. Individual service components can be offered e.g. Analysis, Programming etc...
3. Dedicated team – Knowledge management
4. Lowest possible cost
5. Client has a competent Project / IT manager on his side
6. Client involvement is high

This is a least cost option 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

The typical Features of this model are:
1. Fixed Price
2. Fixed Scope
3. Familiar requirement (in cases where we have done similar projects on previous occasions) or clear requirement (typically detailed analysis & application design already completed)
4. Will involve Project Management, User Interface Design, Devolvement, Quality Testing, Will NOT involve Project Analysis
5. Stylus 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.

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:
1. Single Standard rate – X$/hr – irrespective of resource used
2. Follows typical SDLC timelines (10 -15% -- Analysis, 10 - 15% -- Project Management, 10 - 15% -- User Interface, 40% -- Coding, 10% - 15% -- Testing)
3. Ideal for small jobs/tasks based approach
4. Client involvement is more
5. Client keeps IP
6. Less expensive then fixed

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. In addition, our business analysis team will be involved but it will turn out to be less expensive than actually fixed.