In today’s globalized business environment, outsourcing is the order of the day. It is very difficult to think of a company that outsources your requirements end-to-end. One of the most respected and used models is “fixed cost outsourcing”. In this model, the project is executed within a fixed term and within a previously negotiated price. Both parties carry out a detailed study of the project before the budget and deadline are set. Both customers and service providers prefer this model because of the transparency it implies. There is very little room for renegotiation in this model.
Once you plan to outsource your project to an offshore development center, you will be offered a quote along with the project completion date. This will take into account the amount of work your project requires, its complexity, and its urgency regarding delivery. You can sign the document once you are satisfied with the cost and delivery of your custom development project. It is always good to ask multiple companies for quotes before you zero in on one, as you will likely get the best deal.
India has become the world center for outsourcing. No matter if it is software, websites or mobile apps, you can develop it all in India profitably. Most of the outsourcing companies in India offer you excellent packages under the fixed cost outsourcing model. These packages are carefully crafted to suit each and every requirement and each and every budget. This model is very useful if you are planning a project from scratch.
Advantages of the fixed cost outsourcing model
- It offers a great cost advantage to clients, especially in the case of large-scale projects. You will have the services of dedicated designers and developers, as opposed to part-time hiring where your resource deals with multiple clients at once.
- Limits the risk to the customer. As the project budget is pre-negotiated, there are no questions like cost escalation. This is beneficial for most small and medium-sized businesses, as even a marginal cost escalation can have a serious impact on your financial health.
- Since this model is based on a detailed study of the project, you will obtain the quality according to the desired standards. You can interview the developers of your project and get the best that a company has to offer.
- You will be able to focus on the core area of your business and you will not have to continually negotiate with offshore development companies. However, the company will provide you with weekly status reports.
- One of the most attractive elements of this outsourcing model is on-time delivery. In many cases, penalties are imposed on the offshore development company in case it does not meet the deadline, so there are no delays.
To have your own project delivered on the fixed cost outsourcing model, visit http://www.evontech.com/what-we-do.html.