Just like everything else in life, all custom software projects are not equal either. They differ based on not only individual software development companies but also the following high-level characteristics:
There are 4 majors cost components for custom software, and each one of them carries a different weight in the total costs. Each one is a critical item and important for a successful product development effort. The following is a rough idea of the cost distribution.
Note: The cost distribution provided above is based on rough estimates. These software development costs vary based on size, complexity, and engagement model (i.e. the type of pricing model you choose, e.g. hourly rate, dedicated team etc.).
The actual cost for custom software, as you can imagine, would depend on many factors and can only be scoped after a detailed discovery exercise with you. Also, small/medium/large are very relative terms and could mean different things to different people and different software development companies; the estimates mentioned above are meant to give you an idea, based on our experience of delivering numerous projects
Having portfolio of developing bespoke digital solutions for clients around the world, out clientele ranges from startups to small and large enterprises.
We take your idea through prototyping to MVP development to full-scale launch of your product
We work with you to define, visualize, and build software tailored to your business needs.
This software development service model is suitable when your software requirements are well-defined and not likely to change during the development process.
We then guarantee delivery of the defined set of functionality in a specific time frame and cost.
We work with you upfront to define your software specifications in detail.
This one is not suitable for projects where software requirements are likely to change or evolve.
This one is not suitable for projects where software requirements are likely to change or evolve.
This software development service model limits your exposure for each phase and provides the option to review and decide about the next phase’s budget allocation only if you are satisfied with the deliverables of the preceding phase.
The engagement is split into smaller fixed-cost/fixed-time phases (e.g. one month long).
This one is not suitable for on-going development requirements and turnarounds are naturally not as fast as those possible with dedicated teams.
This development model works well when you envision a series of software projects but don’t wish to hire permanent employees, or if you are finding it difficult to find the right skill set in a timely manner.
You work directly with your team members at Hashmaker Sol and assign tasks. Hashmaker’s Agile scrum master assists with the process.
This one provides flexibility to change course and re-prioritize your projects and tasks as you go along. It allows you full control over how you would like to make the best use of your team’s time and skill set.
This software development service model offers discounted rates compared to the Fixed Cost/Fixed Scope engagement models.
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