What are the pros and cons of fixed-price or hourly rate pricing models for your project development? What other pricing models are there? Which is better to choose? Here you will learn more about this.

1. FIXED PRICE VS.
HOURLY RATE
FOR WEB
DEVELOPMENT
PROJECTS
internetdevels.ua

2. FIXED PRICE
FIXED BUDGET FOR THE ASSIGNMEN
A CLEAR SCOPE OF WORK

3. Fixed price is a model of
cooperation to which,
before performing a task,
the company clearly
estimates the amount of
necessary work and
indicates a fixed price.
Any additional charges
must be paid for extra.
WHAT IS A FIXED PRICE MODEL?

4. BENEFITS OF FIXED PRICE CONTRACTS
01 03
02 04
Exactly
following the
requirements
Approved
project
budget
Performing tasks
in a clear time
frame
There is no
need for
control

5. DISADVANTAGES
OF FIXED PRICE CONTRACTS
01 02 03
THE PROJECT
IS NOT
FLEXIBLE
THE LONG
PLANNING
PROCESS
THE RISK TO
LOSE
SOMETHING

6. PAYING PER
HOUR
FLOATING NUMBER OF TASKS
PAY FOR TIME WORKED ON YOUR PROJECT

7. Paying per hour is the most common price model
by which you pay for the actual hours spent on
fulfilling your task.
PAYING PER HOUR FOR WEB
DEVELOPMENT PROJECT

8. ADVANTAGES
OF THE HOURLY PRICE CONTRACT
01 03
02
The fee for the
actual time spent
on the task
The project can
be changed as
necessary
The completed
task is perfectly
done

9. DISADVANTAGES
OF THE HOURLY PRICE
CONTRACT
01
03
It is not possible to
accurately estimate the
final cost
Floating
deadlines
02 Money down the
drain

10. I T A L L D E P E N DS O N T H E
FIXED PRICE OR HOURLY RATE
W H A T S H O U L D Y O U C H O O S E ?
S I Z E C O M P L E X I T Y T I M I N G

11. WHEN TO USE
FIXED PRICE
FOR PROJECT
01
03
02
04
If you can evaluate
a deadline for the
project in time
Small
projects
With a clear
budget
With a specific
List of
requirements

12. WHEN TO USE
HOURLY RATES
FOR PROJECT
01
02
If the scope of the project
cannot be determined in
time
For extensive
projects
03
04
That will change during
the development
That do not have
budget constraints

13. If you need web development professional
help, just contact the Internetdevels
website development agency.
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