What is fixed price model?
Cost economical solutions
At MRS Technologies, we take full ownership of your project from start to finish.
Hire the right resource
You don’t have to worry about hiring the right resources. Everything is on us. From management, to development and closing.
Well defined plan
We will help you define and document all the requirements before starting development.
You don’t have to worry about hiring the right resources. Everything is on us. From management, to development and closing.
You know exactly what you are spending and when you will get the expected deliverables.
We take full ownership of your project, provide the right resources including the UI/UX, Project Manager, Tech Team, Quality Assurance and Team Lead as required for the project
We run a complete requirement gathering phase to know 80% of the project before development.
When to choose fixed price model?
Research and Analysis
In-depth research and analysis to understand project requirements, guide planning, and ensure informed decision-making throughout the project.
Fixed deadlines
Establishing firm deadlines ensures timely project completion, clear accountability, and helps keep all team members aligned and focused.
Well defined scope
A clearly defined project scope prevents scope creep, ensures all deliverables are outlined, and maintains precise focus throughout execution.
Clear workflows
Structured workflows provide a step-by-step approach to project tasks, improving efficiency, communication, and ensuring smooth project progression.
Milestones
Key milestones act as critical checkpoints to monitor progress, measure success, and keep the project on track towards its goals.
Ideal for 6-8 months duration
Best suited for projects with a planned timeline of 6 to 8 months, ensuring ample time for thorough execution and delivery.
Benefits
Cost certainty
No surprise cost. The price is set from the beginning.
Clear timelines
Predictable delivery dates with clear milestones.
No hiring required
We manage all the resources as needed from our pool of experts. You just have to manage one contract.
Risk mitigation
We take the risk, ensuring quality and adherence to agreed scope.
No extra infrastructure required
MRS Technologies has an advance IT Infrastructure while utilizing tools like GitLab, JIRA, Microsoft Active Directory, IP Management which are secured by top of the notch security protocols.
Tech stack we use
- Full stack development
- Cloud DevOps
- Embedded software development
- QA & software testing
- Website development
- UI/UX design
UI/UX
Adobe Suite
Figma
Miro
Front-end
React
NextJS
Angular
ASP.NET
Back-end
ExpressJS
NodeJS
TypeScript
MongoDB
Cloud & DevOps
AWS
Microsoft Azure
Google Cloud Platform
Docker
Fixed price vs other models
Fixed Price | Time & Material Based Learn More | Staff Augmentation Learn More | |
|---|---|---|---|
| Time to Start | After the requirements are fully defined | Immediately, flexible start | Immediately, based on resource availability |
| Cost Structure | Fixed price based on scope and deliverables | Hourly or daily rates, depending on the time and resources used | Hourly or monthly rates for the duration of the engagement |
| Project Scope | Clearly defined, limited scope for changes | Evolving, with scope defined over time | Flexible, defined by client's ongoing needs |
| Control & Flexibility | Less flexibility, as changes may incur additional costs | High flexibility to adjust the scope and resources | High flexibility to scale team size up or down |
| Expertise Provided | Full project team managed by MRS Technologies | Specific experts added as needed throughout the project | Specific roles filled based on client's requirements |
| Risk | Borne by MRS Technologies, with clear deliverables, timelines & budget | Shared risk, depending on project evolution and changes | Borne by the client, with direct management of resources |
| Legal Protection | Full project protection with contract terms | Protection based on agreed scope and ongoing changes | Legal protection for the contracted duration |
Streamlined process
Requirement gathering
We will set up multiple meetings to understand your needs and define clear workflows and requirements.
01
Detailed proposal
A comprehensive plan with milestones, deliverables, and timelines.
02
Execution
Our team takes full responsibility for managing every detail of the project.
03
Delivery
I am on time, within budget, and meet all your expectations.
04
Maintenance
Fixed hours each month to ensure your product meets customer satisfaction. (Charged Separately)
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