Quartus Technology

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Although, not as popular as our monthly model, we do provide an additional work model for some of our projects called “Fixed Price Model”. As the name suggests, this model allows us to quote a fixed price for the project. This model works best for clients who have a clearly defined scope and a comprehensive specification document for the project. Once we agree to the specifications and finalize the price, we take the responsibility to finish the deliverable at the agreed upon fixed price. Although, if there is significant scope creep in the project, we invoice the additional scope on a time and material basis.


This model gives the client who has a well defined scope and a comprehensive specification document an advantage of knowing the total cost of the project in advance. While most of our fixed price projects are completed smoothly, if there is any hiccup during the development process on our side, we accept the entire responsibility and take necessary steps to correct it without any additional cost to the client. Managing the project under this model, we allocate as many resources as required to finish the project without the client incurring any additional expense.


The process of Fixed Price Model is very similar to the Monthly Model except the payment structure is broken down based on pre-defined milestones as against monthly billing.

 

Following is a high level flow diagram of this Model.

 

 

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