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There is no simple answer to this, as there are a few ways to cost an app's development.

 

Some development houses will cost out app development at a fixed price, and some will cost on a time and materials model. What you need to do is weigh up the pros and cons of each.

 

A fixed-price contract defines the service to be provided very precisely and then sets a single price for the project, regardless of how much time and expense your company incurs. Time-and-materials, on the other hand, bills the client for hours spent on the project, as well as expenses you incur.

 

A fixed-price model needs a ton of time to scope out the work and lay down the roadmap to completion. This time-consuming process is because the development house doesn't want to incur any unforeseen costs and wants to give you peace of mind of having transparency of the complete requirements. The problem with fixed-price is that app development isn't a cookie-cutter activity, often can't predict the outcome, and the dev house's incentive is to maximize profits while delivering on the original scope.

 

The time and materials model works differently. This model doesn't require lengthy scoping out of the project and can almost start immediately. This model ensures you have full control over the end product and incentivizes the dev house to deliver to the best of its abilities without worrying about profit. At Hooligan Development, we build apps using a time and materials model as it allows for scope change and gives you the freedom to adapt the end product to changes and obstacles that may occur.

 

So how much does an app cost to develop? We have created a factsheet on factors to consider, general facts about app development, and the hours required to build some of the most popular.

 

Download the "How much does it cost to build an app?" pdf below.

 

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