Understanding Fixed Bid engagement for software development

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Software development engagement series - 2
Understanding Fixed Bid engagement for software
development
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Presentation Contents

• Definition
• When to use
• Project approach
• The cost / fee
• Reach us

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The Definition

• Fixed Bid

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Defining Fixed Price

• A Fixed Price model is viable for projects with
  well defined requirements and schedules. When
  your need is clearly specified in sufficient
  detail, we will estimate the project scope and
  complexity, and provide a project delivery
  schedule along with a fixed price for the
  complete software development.
• Under this business model, we ensure quality
  delivery of the final product within a
  pre-scheduled timeframe, and you pay a mutually
  agreed fixed price for the project implementation.

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When to use

• Fixed Bid

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When to use Fixed Bid engagement ?

• When your requirements are clear and defined in
  detail.
• When the projects are spread over a few days to a
  few months.
• When you want little or no flexibility on the
  project requirements.
• When you want to determine the exact budget in
  advance.
• When you dont want to have a direct control on
  resources.

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Control Vs. Savings under Fixed Bid for high
tenure projects
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Project Approach

• Fixed Bid

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Fixed Bid Project Approach
Understanding of Project
Requirements Gathering
Proposal and Schedule
Contract
4 days
Development
Delivery
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Cost / Fee

• Fixed Bid

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Cost of software development on Fixed Bid

• If you wish to go for a fixed price model, we
  would provide you with a fixed quote for the
  fixed and detailed requirements that you provide
  to us.
• The engagement will be for a pre-defined period
  and any changes or additions to the requirements
  would involve re-negotiation.

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Still cant decide on an engagement model ?

• iBoss can help

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Thank You
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