Fixed Price (FP)

The FP model will work well for projects that have a clearly specification. The client gets a clear estimate on the effort and time for the specified tasks and pays a pre-negotiated fixed amount, CoLeague delivers a quality product within a specific time frame.

An example of a typical workflow for a fixed price turnkey project is:
  • The client provides CoLeague a requirement specification document.
  • The requirement is understood and if necessary clarification is sought from the client.
  • CoLeague estimates the effort and time needed to deliver the project.
  • Cost is calculated on the estimate and a Fixed Price proposal/Contract is submitted to the Client.
  • CoLeague gets a signed contract after negotiations from the Client.
  • A detailed Project Plan and related documents are handed over to the client.
  • A staging environment is created for the Client to view the progress of the project.
  • Periodic discussions and presentations are made to the client.
  • User Acceptance Testing (UAT) is done on the Staging Server.
  • Coleague Hands over the project and Code approved by the client or deploys the same on the live environment of the client.