For your convenience, we offer 3 different types of service options:

• Fixed Price
• Time and Material (T&M)
• Full Time Equivalent (FTE)/Rate Card

Fixed Price

The typical Features of this model are:

Fixed Price & Fixed Scope

Familiar requirement (we've done projects like this before) or clear requirement (typically detailed analysis & application design already completed)

Will involve Project Management, User Interface Design, Devolvement, Quality Testing, Will NOT involve Project Analysis

Stylus keeps the IP (Intellectual property) of the product, but share full rights to use the software. However, if the application is fully designed when it reaches us, then we give the IP rights to the client.

Typically asked for by clients with less project requirement clarity and offered by us only when we have high clarity on the requirement

Advantages to the Client:

1. Low perceived risk (but actually high risk, since he will have to live with our design)
2. Budget predictability

Disadvantages to the Client:

1. Low flexibility
2. Highest price
3. No ownership of IP

Time and Material

The typical Features of this model are:

Single Standard rate – X$/hr – irrespective of resource used
Follows typical SDLC timelines (10 -15% -- Analysis, 10 - 15% -- PM, 10 - 15% -- UI, 40% -- Coding, 10% - 15% -- Testing)
Ideal for Small jobs/Tasks based approach
Client involvement is more
Client keeps IP
Less expensive than fixed

Advantages to the Client:

1. More control over implementation
2. Good when evolving requirements
3. High flexibility
4. Analysis is involved
5. Less expensive than fixed
6. IP ownership

Disadvantages to the Client:

1. Time involvement on Clients behalf
2. Lack of pro-active involvement Vs. FTE
3. Only Std. SDLC projects
4. Budget control in client's hands

Full Time Equivalent/Rate Card

The typical Features of this model are:

We give a monthly rate card for different skill sets such as Analysis, PM, UI, Programming, testing, and Database specialist.
Highly flexible – can follow any development life cycle
Individual service components can be offered e.g. Analysis, Programming etc.
Dedicated team – Knowledge management
Lowest cost
Client has a competent Project / IT manager on his side
Client involvement is high

Advantages to the Client:

1. Least cost option
2. Dedicated team
3. Budget predictability
4. IP ownership
5. High flexibility
6. High control
7. Can start with any level of expertise on the application

Disadvantages to the client:

1. Need for client involvement is highest
2. Budget depends on how well the team is managed

You would have got a basic idea about our service pricing structure. Contact us with your requirements and let's work out the most appropriate service pricing for your requirements. We look forward to build a long term relationship with you.