Once clarity has been achieved in the initial requirements, we will provide you with a time estimation for the project, usually in a form of an Excel sheet, where your software project is broken down into subtasks. Each subtask is assigned three figures: optimistic, realistic and pessimistic. We use the realistic figure for billing, multiplying it by our hourly rate. Unlike other IT projects outsourcing companies, with us the result is the fixed price you’re going to pay to have the project developed no matter what.
Unless there are changes to the scope, we stick to this price and it never suffers a change. There are no strings attached and no hidden charges, just the time estimation.
Here is an example of how it looks like: