In this model, we execute a project at a fixed price.
This model is suitable when the project specifications are clearly defined in terms of their requirements and schedules. Any client that opts for this model needs to provide a well-defined Requirements Specifications Document which includes precise scope, project specifics and predefined delivery period. Fixed price projects are executed in time; and with the best quality.
In an event where a change in scope or addition in scope is required by the client while such project is in progress, we’d provide a revised fixed-price proposal based on the new scope, which will be discussed and finalized with the client. Schedules may or may not be impacted based on the nature of change in scope required.