In today’s globalized business environment, outsourcing is the order of the day. It is very difficult to think of a company that outsources its end-to-end requirements. One of the most respected and used models is ‘fixed cost outsourcing’. In this model, the project is executed in a fixed term and with a pre-negotiated price. Both parties carry out a detailed study of the project before setting the budget and the deadline. Both clients and service providers prefer this model due to the transparency it implies. There is very little room for renegotiation in this model.

Once you plan to outsource your project to an overseas development center, you will be offered a quote along with a project completion date. This will take into account the amount of work your project requires, its complexity, and its urgency regarding delivery. You can sign the document once you are satisfied with the cost and delivery of your custom development project. It’s always good to ask for quotes from several companies before zeroing in on one, as you’re likely to get the best deal.

India has become the world center for outsourcing. It doesn’t matter if it’s software, websites or mobile apps, you can develop it all in India cost-effectively. Most of the Indian outsourcing companies offer you great packages under the fixed cost outsourcing model. These packages are carefully made to suit any and all requirements and any and all budgets. This model is very useful if you are thinking of a project from scratch.

Advantages of the Fixed Cost Outsourcing Model

  • It offers a great cost advantage to customers, especially in the case of large-scale projects. You’ll have the services of dedicated designers and developers, as opposed to part-time hiring, where your resource deals with multiple clients at once.

  • Limits the risk for the client. Since the project budget is pre-negotiated, there are no issues like cost escalation. This is beneficial for most small and medium-sized businesses, as even a marginal cost escalation can have a serious impact on their financial health.

  • Since this model is based on a detailed study of the project, you will obtain the quality according to the desired standards. You can interview the developers of your project and get the best that a company has to offer.

  • You will be able to concentrate on the core area of ​​your business and not have to continually negotiate with offshore development firms. However, the company will provide you with weekly status reports.

  • One of the most attractive elements of this outsourcing model is on-time delivery. In many cases, penalties are attached to the offshore development company in case it misses the deadline, so that delay events do not occur.

To get your own project delivered on the fixed cost outsourcing model, visit http://www.evontech.com/what-we-do.html.