Pricing Model
The Fixed Price model is advisable to use in projects where all the requirements are clearly defined and estimated precisely. The complete application cost and lead time is estimated within the agreed scope of project work. The customer may request a change in the project scope during the project implementation which can be considered under a change order request.
The Time and Materials model is preferable when the scope of work cannot be specified at the beginning of the project, or for projects which are of evolving nature. The client and CIPL mutually agree on rough project requirements and CIPL proposes a ballpark figure. As the project progresses and the requirements for particular tasks get clarified, the exact task estimations are made on mutual agreed way.
In this plan, CIPL raise invoice only for the amount of hours actually worked. These hours are tracked and accounted for by Time Sheet Reports with corresponding invoices.
The Dedicated Team plan is mostly applied in long-term partnerships with a significant amount of work. Importantly in complex projects, where it is not wise to replace the resources during the project.
Project budgeting is pre-decided and fixed for different technologies or level of programmers required.
CIPL is responsible to recruit a team that satisfies the project requirements and producing the specified monthly amount of work. Contracts are signed with assigned resources and their work time is reserved for a customer. Some resources may work full-time within the dedicated team and others may work part-time. The customer is liable to keep the workload of the team at the agreed specified level.
