Depending on the desired cooperation scheme and the nature of the project, several compensation options are possible.
+ Time and Materials
An hourly or monthly (for large projects) fee per man-hour spent working on the project. We provide detailed reports on our work so that the customer can make sure work time is spent wisely. This option is recommended and available for all types of projects and arrangements.
+ Fixed Time and Budget, Flexible Scope
If our customer has a certain budget to spend on the product, but is not sure about the exact feature set for the application, this is the option to choose. To quote the book Getting Real by 37 signals: “It's better to make half a product than a half-assed product.”
+ Fixed Price
For customers who have a clear vision of what they need we offer a fixed price option (not available for full-cycle projects). The scope of work will be clearly defined at the start of the project, and no alterations to requirements can be made until the work is done. Any alternations will entail an additional cost.