Pricing Models
Fixed price model is suitable for projects with well-defined requirements and schedules.
When your need is clearly specified in sufficient details, Nile Bits estimates the project scope, complexity and provides a project delivery schedule along with the fixed price for the complete product development.
Under this business model, Nile Bits ensures quality delivery of the final product within a pre-scheduled time-frame and the customer pays a mutually agreed fixed price for the project implementation.
The primary advantage of the fixed price model consists in allowing the customer to determine exactly the project budget in advance.
However, in comparison with the hourly rate model, fixed price model contracts tend to be less flexible for managing changes and additional features requests.
Any requirement changes or new feature requests occurring during the project implementation process will cause a re-negotiation of the delivery schedule and price.
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Nile Bits hourly rate model is the perfect choice if your project are on going development, Nile Bits offers you a professional team to work for your project and you just have to pay for the hours worked based on an hourly rate price.
Here are some benefits you can gain from Nile Bits hourly rate model:
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- High degree of flexibility in changing or modifying the project’s requirements or even the project’s scope as a whole.
- No need to pay a pre-prepared bill full of wages. Instead, the customer just pays only for time worked.
- The possibility of assigning up to 2 resources in parallel for the same task.
- Easy communication via extended communication channels during the working hours.
- Access to issue tracking tool.
- Access to Project Management tool.
- Periodical time-sheet and work progress reports.
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Assigning the task of building your own virtual team using one or more of Nile Bits professional resources that will be dedicated only for your projects – either to develop new projects or to do changes to an existing one – in a specified time period helps you to avoid a headache and risks of forming a development unit on your site and getting trapped in the infinite loop of developers’ turnover and increasing operation costs which would affect directly the cost, quality and time taken to have your project done.
Here are some benefits you can gain from Nile Bits dedicated resources model:
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- Minimizing the cost of your projects.
- Preventing the risk of fast developers turnover.
- Stand-by backup resources.
- Professional project management.
- Easy communication via extended communication channels during the working hours.
- Access to issue tracking tool.
- Access to project management tool.
- Weekly time-sheet and work progress reports.
