| At Sapphire Webtech, we follow a systematic approach towards pricing based on our business models. Fixed
price(FPM) and Time and Material(T&M) models are the most commonly used however we have worked out two more models based on combination of Fixed
price(FPM) and Time and Material(T&M) models. If the client has no preference of business model, the model to be used is recommended by professionals at Sapphire Webtech after a careful inspection of the strategy to be followed and amount and type of task to be accomplished.
Business Models
1. Fixed Price Model (FPM)
2. Time and Material Model (T&M )
3. Time and Material Model 4 Fixed Price Model
4. Hire dedicated Model
1. Fixed Price Model (FPM)
Ideal pricing option when system requirements are clearly outlined. A certain price is quoted at
the outset and the whole project development is carried out within that pricing framework.
Sapphire Webtech’s fixed price model offers a low-risk option.
This model guarantees on-time, on-budget
delivery of projects. Deliverables, costs, and timelines are clearly defined in the model. In this
model, for any change in scope at the later stage in the project execution, a prior agreed upon fixed hourly rate is charged to the client.
2. Time and Material Model (T&M)
It is Ideal for clients who want to play a larger part in project execution. In this case, the pricing
is determined based upon the number of man hours required to complete the project. In another words, when scope, specification and implementation plan of the project is not easy to define at initial phase, Sapphire Webtech’s Time and Material Model becomes an attractive option.
Under this model, the client pays as per the number of man hours put in development efforts and
the strategy to be followed is defined working in tandem with client for execution of end-to-end projects. If the initial time and material model determines exact scope and the project allows the scope to befrozen, it could be converted in to fixed price model. Our project management and reporting method ensures exact hours spent on project with full transparency.
3. Time and Material Model 4 Fixed Price Model
Ideal in the situation when client wants to go for fixed price model but the scope of work is not 100% clear or detailed enough to decide fixed price in the project initiation phase.
Under this model, we define the scope of work by working closely with client and come up with
the estimations applying time and material model. Once this is done and project execution plan
is agreed upon, we offer the client a fixed priced model. Adopting this model enables the client to
optimize their budgets without compromising any aspect of the project itself.
4. Hire Dedicated Model
This is the ideal model for web development, existing overseas web development houses. In this
model, Sapphire Webtech provides resources to work dedicatedly on your project or be the part of your development team or to establish your offshore development centre.
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