{"id":1174,"date":"2018-11-02T03:42:22","date_gmt":"2018-11-02T03:42:22","guid":{"rendered":"https:\/\/www.winklix.com\/blog\/?p=1174"},"modified":"2018-11-02T03:42:22","modified_gmt":"2018-11-02T03:42:22","slug":"fixed-cost-vs-hourly-cost-which-one-to-consider-for-app-development","status":"publish","type":"post","link":"https:\/\/www.winklix.com\/blog\/fixed-cost-vs-hourly-cost-which-one-to-consider-for-app-development\/","title":{"rendered":"Fixed Cost Vs Hourly Cost : Which One To Consider For App Development ?"},"content":{"rendered":"<p>Whenever anyone takes a decision of moving ahead with mobile app development , the very first factors that strikes people mind is the <a href=\"https:\/\/www.winklix.com\/cost-of-mobile-app-development\">cost of developing the app<\/a> . But even before going ahead with the app development , have you ever thought of the full defined features that will be present in your would be Mobile application ?<\/p>\n<div><\/div>\n<div>\n<p>Especially when you are budget constraint , you have to predefine the features to get the exact cost estimate of developing a product .<\/p>\n<\/div>\n<div><\/div>\n<div>\n<p>But inspite of taking into consideration various factors , an <a href=\"https:\/\/www.winklix.com\/mobile-app-development-company-london\">app development company<\/a> or app developers will unfortunately not be able to provide you with exact exact figure of app development cost . As the pricing of the app development depends on various variable elements such as man-hours to be spent , whether a <a href=\"https:\/\/www.winklix.com\/blog\/which-one-to-choose-for-development-a-freelancer-or-a-development-company\/\">company or freelancer<\/a> has been choose by you for an app development , on which platform you want your app , ie Android or iOS , do you want the app on <a href=\"https:\/\/www.winklix.com\/blog\/hybrid-vs-native-differentiation-on-the-basis-of-developmental-cost\/\">Hybrid or Native <\/a>, technical&#8217;s aspects , the location of the development team and so on .<\/p>\n<\/div>\n<div><\/div>\n<div>\n<p>In addition to it , in case you are planning to key in some more features in your app ( which is the usual case with most of us ) which is beyond your predefined scope of work , you have to pay more for the add on features .<\/p>\n<p>We are all aware that when talking about the app development industry , most of the companies follow dual pricing model :<\/p>\n<ol data-blogger-escaped-style=\"text-align: left;\">\n<li>Fixed price model<\/li>\n<li>Hourly price model<\/li>\n<\/ol>\n<div><\/div>\n<h3 data-blogger-escaped-style=\"text-align: left;\">Fixed Price Model<\/h3>\n<div>\n<p>The fixed price model is best suitable if you have a pre defined scope of work . App development company will give you a fixed cost with predefined timeline with almost no scope in alternation of the project .<\/p>\n<\/div>\n<div><\/div>\n<div>\n<p>In this model , app idea , implementation of features and functionalities , platform on which app needs to be developed on are all well defined in advance . This is specially the case with the project which are small and have low budget . So it is not the touch task , even a small team will be able to accomplish it easily .<\/p>\n<p>But you have to always keep in mind that in fixed price contract do not expect a single , I repeat &#8221; not a single &#8221; change in terms and condition of the contract under any circumstances .<\/p>\n<p>However the biggest cons of this model is you are more concerned about your budget in comparison to what you are getting as a product in terms of quality , which may also results in failure \u00a0.<\/p>\n<h4>Essential Features Of Fixed Cost Agreement<\/h4>\n<\/div>\n<div>\n<ul>\n<li>The budget and timeline to complete the app is predefined in advance with mutual agreement between developer and client .<\/li>\n<li>The development team knows in advance how to mould the app to give it a highly polished shape and they will focus on app UI designing accordingly .<\/li>\n<li>You are not allowed to change the features later on , probably not in any case .<\/li>\n<\/ul>\n<div><\/div>\n<h4>Situation When Fixed Price Cost Work Best<\/h4>\n<div>\n<ul>\n<li>When you are planning to launch a simple app without any complexity .<\/li>\n<li>You have a limited budget and no other alternatives can be chosen .<\/li>\n<li>You are planning a Minimum Viable Product or App Prototype to test your app idea<\/li>\n<\/ul>\n<div><\/div>\n<\/div>\n<h3>Hourly Pricing Model<\/h3>\n<div>A hourly pricing module as the name denotes is based on the manta of hourly pricing . The hourly cost varies from region to region and from one company to another .<\/div>\n<div><\/div>\n<div>For instance say you have hired a single resource in some <a href=\"https:\/\/www.winklix.com\/\">app development company<\/a> for 600 hours , and their hourly rate of what they are charging is $ 25 per hour , then you have to pay $ 15000 to them which is multiplication of $ 25 and 600 hours .<\/div>\n<div><\/div>\n<div>The hourly rate or we can say Time and Material Model is preferable for clients who have a vision to make the app with demand on the go , rather than predefining everything in advance . As you have hired freelancer or company on hourly basis . As you have hired as per your flexibility , you are most welcome to share your suggestions together with using their expertise knowledge on improving the overall quality of product .<\/div>\n<\/div>\n<div><\/div>\n<div>The best thing being you can always add on more features as per your convenience .<\/div>\n<div><\/div>\n<h4>Essential Features Of Hourly Pricing Model<\/h4>\n<div>\n<ul>\n<li>The pricing depends on working hours and rates they charge as per their skills .<\/li>\n<li>The price is not fixed in advance , so it can be higher or lower as per your requirement .<\/li>\n<li>Not only cost , but timeline of the project is also flexible .<\/li>\n<li>Client and developer both can give their valuable inputs from time to time for addition as well as removal of any unnecessary features .<\/li>\n<\/ul>\n<div><\/div>\n<\/div>\n<div>\n<h4>Situation When Hourly Price Cost Work Best<\/h4>\n<\/div>\n<div>\n<ul>\n<li>The hourly rate approach works best when you have a clear app idea and you are not sure about validating it .<\/li>\n<li>When you have a really complicated project with not pre defined requirement .<\/li>\n<li>When you directly want to get involved with project and desire to know how developers are proceeding with given task .<\/li>\n<\/ul>\n<div><\/div>\n<\/div>\n<h3>Fixed Cost VS Hourly Rates : The Conclusion<\/h3>\n<div>We have discussed in details about the two popular pricing models that almost all <a href=\"https:\/\/www.winklix.com\/mobile-app-development-nyc\">app development companies<\/a> follows in present scenario . Every model has their own pros and cons . If you are choosing a fixed price model , you might get a quality comprimisement and not any further scope of changes . Alternatively choosing hourly basis model will always be on higher side in terms of pricing but you can get your product as desired .<\/div>\n<div><\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Whenever anyone takes a decision of moving ahead with mobile app development , the very first factors that strikes people mind is the cost of developing the app . But even before going ahead with the app development , have you ever thought of the full defined features that will be present in your would &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.winklix.com\/blog\/fixed-cost-vs-hourly-cost-which-one-to-consider-for-app-development\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fixed Cost Vs Hourly Cost : Which One To Consider For App Development ?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[28,280,281,282],"tags":[375,45,4,257,51],"class_list":["post-1174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-app-developer","category-mobile-app-developer-in-india","category-mobile-app-development-company-in-delhi","category-mobile-app-development-company-in-nyc","tag-app-development-companies","tag-app-development-company","tag-app-development-company-in-delhi","tag-app-development-company-in-new-york","tag-mobile-app-development-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fixed Cost Vs Hourly Cost : Which One To Consider For App Development ? - The Winklix Insights Hub<\/title>\n<meta name=\"description\" content=\"Fixed cost Vs hourly cost ? 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