On an independent level, financial cooperation and how to contact the client should be decided in advance. TechDel follows a set of standards that include flexibility in all areas and visibility throughout the development process. There are no two clients or projects similar, thus no two solutions are the same as each other. Each of our clients is distinct, with varied requirements and demands for control. As a result, we provide a variety of collaboration options to our customers. We work with customers on a fixed price, hourly, or outsourced basis.

1. Fixed Price Engagement Model

Our consumers prefer to utilize this model the most. This model of collaboration was used in around 70% of our projects. The project completion time and cost are agreed upon when the contract is signed, and TechDel assures that you will receive a high-quality product after the project with a fixed price model, also known as ‘product management.’ The focus of the fixed price model is on the final result instead of the total number of services performed in this project. 

A fixed pricing model implies that you have a good idea of how much a project will cost and how long it will take to complete. There haven’t been any pricing changes! You will not be able to make any changes or amendments to your criteria. Otherwise, you’ll go over budget, and the project’s duration will lengthen as a result. This model is perfect when the customer knows the actual magnitude of his project, has thorough documentation, and our professionals have approved the supplied UI design, terms, and budget. Unfortunately, this level of preparedness is unusual, but in other circumstances, this technique has proven to be effective.

1.1 What are our prospects under the fixed-price Model?

i. Every component and step of the project is completely our responsibility.

ii. We gather requirements, analyze them, design a wireframe for the product, and write documentation.

iii. The TechDel team evaluates the development strategy thoroughly.

iv. Developers, designers, project managers, and quality assurance testers will all participate in the development of your product.

v. We take all financial risks while adhering to the project’s criteria and requirements, which are worked out and agreed upon by all parties before development begins.

vi. We specify how much effort will be required to create a specific product ahead of time.

vii. The project’s cost will remain constant (unless the client adds or varies the project after the agreement is signed).

viii. We’ll agree on the frequency for each cycle before we start.

ix. At the end of each cycle, TechDel assures delivery.

x. We ensure that you will obtain a well-thought-out, thoroughly tested, and high-quality product within the agreed-upon timeframe and budget.

xi. We offer a 12-month warranty on the product.

1.2 What are the benefits of the fixed-price model?

i. You will receive a budget that is precisely defined as well as comprehensive project parameters.

ii. We shall ensure that the contract parameters agreed upon are not altered (unless you want to make any changes to the requirements).

iii. Whether you need a project developed from the ground up, extra functions implemented, or an existing project updated or modified, you will receive tailored services for a specific assignment.

iv. You’ll receive a detailed schedule for completing the project.

v. By our management system, you will have supervision over implementation.

vi. A project manager will be assigned to you.

vii. For a period of up to 12 months, you will be covered under a service warranty.

2. Hourly Rate or Time & Material Engagement Model

This is another popular model, and it is the most adaptable plan of cooperation. The client is in charge of the services in this model. What exactly does this imply? You get the number of services you require. It could be starting from scratch, finishing an existing product, or delivering stand-alone services, such as design or development.

This model allows you to pay for the outcome based on the amount of time it took to achieve it. The projected value is based on man hours rather than the number of services.

2.1 What are our prospects under the Hourly Rate Model?

i. We examine your objectives and then create project documentation that includes a complete list of requirements.

ii. We analyze your requirements before creating project documentation that includes a detailed description of the requirements.

iii. We collaborate with you on several phases. At the client’s request or based on technical requirements, these can be two-week or four-week periods. At the start of each phase, goals, and objectives are established.

iv. We employ an iterative approach, also known as a plan–do–check–act cycle. This is the process of carrying out work while simultaneously evaluating the results and adjusting the previous steps. We set the length of each iteration and project requirements, and at the end of each, we assure that we will deliver a particular and previously indicated result.

v. In addition to the project manager and tester, your project is supported by all essential professionals (inside the requirements).

vi. By our management system, we will give you the ability to direct the development process and communicate with the team.

2.2 What are the benefits of the hourly rate model?

i. You will be provided with a requirements analysis.

ii. You will have some leeway. You will be able to make constant project changes while optimizing your time and costs.

iii. You will benefit from scalability.

iv. After each phase, you will have an assured amount of cuts.

v. You will be assigned a project manager

3. Outsourcing or Dedicated Team Model

This collaboration model is quite distinctive. Customers who wish to strengthen or extend their workforce with the support of specific professionals will find it useful. It is appropriate for team leaders or technical specialists who oversee the development process and have their teams but require the assistance of extra specialists with unique skills, specialization, or experience to tackle specific difficulties. As a result, the TechDel team’s professionals become your colleagues for a set amount of time. The client determines the terms of cooperation and the needs for a specialist, which are spelled out in the contract.

3.1 What are our Prospects under the Outsourcing Model?

i. We will assign you to a specialist or team that best meets your needs, and you will be able to select one after the interview.

ii. Our specialists adhere to your approaches to work, culture, and team principles.

iii. Our specialists are fully committed to and invested in your project.

iv. We monitor the quality of our specialists’ tasks as well as their mobilization.

3.2 What are the Benefits of the Outsourced Model?

i. Your project will be completed promptly.

ii. You will determine the team’s needs and the number of specialists on your own.

iii. You’ll have an optimal staff with the necessary expertise and skills.

iv. You will save money by hiring professionals for a limited time rather than creating employment, searching for specialists, and equipping jobs for the implementation of a single project.

v. You will only pay for the services of those employees that are required.

vi. You will oversee the project with the help of our team of specialists, as well as your management team.

vii. You will have complete control over the selected command, including the ability to determine the load on it.

4. What is the best model of collaboration with an app development company?

The model you choose is determined by your requirements and the scope of your project. We can define the major criteria or conditions under which any model is clear, but it is occasionally possible to combine many alternatives for cooperation to achieve the best result. As a result, before making a decision, one should consider the project’s three primary components: budget, timeline, and results.

The Fixed Price Model is the best approach if:

i. You’re working on a small or medium-sized project, or you’re merely looking for a short-term partnership.

ii. Your project is massive, yet you need an estimate of how long it will take to complete it, for example, to begin an advertising campaign.

iii. You have a clear idea of what the product’s objectives and responsibilities should be, and you have no plans to change them.

iv. You are looking for a specific outcome from the product.

v. You have a limited budget as well as a limited amount of time.

vi. This is your pilot project for working with a new outsourced team.

vii. You intend to construct a minimum viable product (MVP).

The Hourly Rate Model is the best approach if:

i. It’s either a medium or a large project you’re working on.

ii. You already have a product, but its quality is doubtful, and you need to test it and tweak the code.

iii. You are not bound by any of the project’s terms.

iv. You don’t have a rigid budget.

v. You do not have a clearly defined or limited project size and scope.

vi. You don’t have any project specs or a strategy in place.

vii. It’s very likely that needs will alter during development.

viii. Your project utilizes modern technologies and is aimed at a fast-changing market.

ix. You foresee full participation in the project and close monitoring of each project cycle.

x. You strive to help determine the team’s size.

xi. You’re looking for long-term collaboration.

xii. There will be more profit centre iterations.

The Outsourcing Model is the best approach if:

i. You’re working on a long-term project.

ii. You have your team and, in most cases, the resources to produce a product, but in this case, this is insufficient.

iii. Your team requires the assistance of qualified and highly specialized experts.

iv. Your project’s development strategy calls for the mobilization of extra resources as well as the application of new technology.

v. Your project is constantly evolving, and the original objectives, as well as the requirements and priorities, may alter.

5. Conclusion 

Each of the pricing structures discussed above has unique benefits and cons. The requirements of your project and business will ultimately determine your decision.

The primary selection standards are:

i. Your level of expected control over the team, 

ii. The size of the team you’re looking to hire, 

iii. The size of your budget, and 

iv. The complexity and length of your project.

It makes no sense to consider the fixed-price model and its variations if you anticipate that the development process would take longer than two months.

often operate within the time and material price model. We’ve learned from our eight years of industry experience that this contract is a great option for creating mobile and web applications.

Do you need to launch your project with a skilled and adaptable development team? Contact our advisers; we assist businesses like yours in selecting the ideal pricing and collaboration models.

TechDel is the best mobile app development company based in London. We have a team of talented developers and designers who can design the best iOS, Android, native and hybrid apps for your firm. We’d be pleased to answer any questions you have about geofencing and how it may benefit your business. For further information, please Contact Us.