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Budgeting Models

ArtfulBits practices the following budgeting models depending on the project specific or customers' preferences:

Fixed Budget

In case of providing clear specification or when the project can be well-estimated, ArtfulBits suggests fixed budget model with fixed cost and delivery date. We analyze the project's requirements to provide clients with the most accurate price and delivery date to avoid the unexpected risks or additional requirements occurrence after approving the budget.

Time and Materials

When a project is long-term, hard-estimated or the requirements can vary during the implementation - we suggest Time and Materials business model. Unlike Fixed Budget model, where projects can be accurately estimated, typical Time and Material project requires more creative efforts, research and work within unstable requirements environment.

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