Fixed Fee
- Under this model, on a review of the specifications and data, a no-escalation, fixed price for the project is provided to client.
- The client would then review and approve the price before the project is taken up for execution.
- Suitable for jobs where all project inputs, specifications and requirements are available readily for estimating effort.
- Most suitable for jobs where all inputs, including requirements and specifications, are available upfront for review and effort estimation.
- Suitable job types such as preparation of Construction Documents from final Design Development set, preparing drawings/models from hand sketches / existing paper drawings etc.
- Variations may include fixed fee for certain project types e.g. prototypical retail outlets, standardized homes etc.