Fixed Price Model (FPM)
An ideal solution for small and medium level projects, Fixed Price Mode allows you to pay a fixed price for a project that have been agreed upon by both the parties. This model suits those projects where scope and specifications of the project are crystal clear from the very beginning and system requirements have been defined clearly. In this model, it is very important that you discuss everything and make an estimation of the appropriate cost of the project in the very beginning of the project. The project execution based on this model focuses on achieving results that have been foreseen in advance.
Certainly a low-risk option, Fixed Price Model at Bharti Softland ensures that you get your project done within a specific budget and get on-time delivery as decided before. The project plan based on this plan specifies costs, timelines and deliverables in unambiguous terms and is ideal for clients with set goals, detailed project specifications and limited budget. Though, normally FPM does not offer much scope for modification and changes, we realize the need to be flexible to satisfy our customers. Hence, in case you want any change in project at a later stage, you will be charged the hourly rate that will already be decided.
BSL recommends FPM model for short-term projects and small or midsize companies that can predict their needs for a few years to come. We understand that the price for every project is distinctive, depending on the nature of the project and resources it requires. Hence, our business analysts will study and analyze your requirements in detail; identify what all it requires to complete your project; and quote an appropriate price for it. The deadlines for the FPM model at Bharti Softland are very strict and you can bank upon our best efforts to provide you good quality products and services.
The success of the Fixed Price Model basically depends on the cooperation, communication and coordination between the project leaders and clients. Project leaders at BSL are actively in touch with their clients and keep them updated about the project’s progress from time to time. They respond to your messages and make extra efforts to see that you get a project that meets and exceeds all your expectations. They align and monitor all the process on an ongoing basis in order to maintain a smooth workflow and project execution. The FPM offers you an advantage of getting quality solutions on time within a fixed budget.