How does IOTAP price its projects?
IOTAP prices its projects according to the development effort required. There are two popular models: Fixed Price Model – You gives us the requirements. IOTAP estimates the time and resources involvement and comes to a fixed price. A project plan is made and the payments are linked to important deliverables. Any changes to the requirements are seen as ‘Change Request’ and are charged for the extra time required. Resource Allocation Model – You gives us loose requirements. We give a ballpark time and resources involvement required. A basic project plan is made. All changes made to the requirements are included in the project’s scope – the project plan is accordingly modified. The resources used are billed on a monthly basis. In an outsourcing deal with IOTAP, you are always in control. The prototypes/staged deliveries and the regular communication keeps you updated, and the payments are requested on specific deliveries and after you are happy.
