Traditionally, development contracts are either "Fixed Fee" or hourly, also called "Cost Plus."
Fixed Fee contracts are where developers give you a quote for price and time based on their understanding of your requirements. It is the developer's responsibility to complete the project within a given quote. This sounds like a reasonable approach. In reality, however, it always results in a bad product and sour relationships. Here is why:
In short, a fixed fee is a loss-loss model.
In "Cost Plus" contracts, developers estimate skills or resources required to complete a project. Developers then bill for their resource's time and for all other out-of-pocket expenses. Essentially a developer becomes an hourly waged contractor. Any changes or enhancements that are identified during the development period are incorporated without the need for negotiating the price.
Cost Plus sounds like a life saver. It is an excellent choice for you if you have a dedicated and experienced product and project manager to manage this work. If not, then you run the risk of project over-run. Another problem with this approach is that you really don't know what the project's final cost will be.
We take a third, collaborative and business driven approach. We work with you to articulate your business objectives in terms of your customers' needs. We'll ask for your budget and work with you to define a feature set that meets your objectives, achievable within your budget, as well as your time constraints. All this while we employ our Product and Project management skills to eliminate risks associated with budget over-run.
There are many variations of this question:
Building a detailed cost model is tough. There are so many variables that we cannot reduce to a single number. We find that it's' more productive to work within your budget constraints. So we can define features that meet your objectives, and are achievable within your budget and time.
The good folks at How Much It Cost To Make An App has put together a simple calculator. Use it to get an idea.
We understand your concerns and agree with your need to protect your billion dollar business idea. That is why we request you to interact with us and understand our capabilities, work ethics and team dynamics without sharing your idea. Once you feel comfortable and are ready to take the next step, we can execute our work contract that covers all concerns related to Intellectual Property Protection, Copyright Protection and Non-Disclosure.
By the way, if you really have a patentable idea or highly classified information, we suggest that you should consult with a lawyer and have a very clear understanding of what is protectable information.
We help you invent the future and work on cutting edge technologies. As a result, we create new processes, technologies, and/or code that could be patentable. We've helped our partners patent many of the inventions that we've created. We'll do the same for you.
All of Pyntail's employees, contractors, and other staff that work on your project have a strict contract to assign all inventions to the company which, based on contractual agreement, we assign to you.
When you opt-in to use Pyntail's existing code base e.g. Fortytwo Server and SDK, IP for that piece of code remains with us, which we license to you. We also make sure that if we end up using any other third party or open source software, they are compatible with your product license.
Short answer is :Yes.
Just like any other investor, we evaluate the potential of your idea, value what you bring to the table, discuss and get an agreement on risks and its mitigation plan, and then work whole heartedly to deliver the best product in exchange for equity.
Pyntail has recently set up a development fund just for this. You can avail up to $50,000 credit towards development services. Contact our CEO, Kamran Qamar with your pitch deck.
There is no silver bullet or magic formula to guarantee this. After delivering over 170 apps and working with numerous corporations, individuals, and startups, we've gained enough experience to spot and solve trouble well in advance.
Our successful project delivery plan consists of managing risks. Following are the key risks that we have identified for any new product development and our plan t o manage them which in turn ensure the successful delivery of the project:
The biggest risk in any product development are people and how well they work together. That is why, from the beginning we work towards a cohesive team environment by building trust, transparency, and open communication
The path to a successful product development is not a straight line, but full of new discoveries. Articulating the product vision in technical terms is the first step. We offer dedicated Product and Project Management services to build clarity for all stakeholders i.e. you, developers, and marketing. To further minimize this risk, we incrementally build the product where each build is useful in itself, industries call it Agile Software Development.
The third common risk is the choice of technology. By technology we not only mean the software platform, libraries, and patterns; we also mean things like User Experience design, and customer psychology. We overcome this risk by building a talented team who are not afraid to experiment.
App development depends on a whole ecosystem. For example if you are building an iPhone app, your product depends on iPhone, iOS and Apple policies. These are all environmental variables which are out of our control. However, keeping a close eye on them and adjusting plans accordingly help minimize this risk.
Are we building a product that resonates with our target market. This is the ultimate risk. Our Product Management service help you find Product Market Fit
Yes. We provide Mainteance and Support services that you can avail for business continuity. See Maintenance and Support for details.
We can take over any existing work only if you require us to re-write it. We can extract UI/UX and business logic from an existing app.
Yes, we offer Application Publishing service. Read more about it in Service section.