Let’s say you’ve sent out your RFP to the shortlisted companies. The initial selection process was quite easy as you had to judge based on the general criteria like an overall experience, portfolio, client feedback, response time, etc. But now it’s high time to talk about the figures, verify their project cost estimation, and choose the right development agency based on the accuracy of their quotes. Obviously, different development companies have provided different figures and the question arises “which one is true?”.
1. Ask friends
Shout out for programmers among your friend list or someone who has a technical background. You could either ask your friend to make an independent review of the project cost estimate provided by the shortlisted agencies. Or you could ask them to study your project requirements and to estimate costs by their own giving you a chance to compare the offers.
2. Use app cost calculators
Use project cost estimation tools to get a rough idea of what it may cost. You can find such project estimation tools almost many websites. Just google “app cost calculators” and you will get a list. See what an app cost calculator states and now when you have an idea of what it costs, compare its quote with the figures provided by the selected teams.
3. Compare quotes
Compare quotes and apply common sense. This is the easiest way. Too low or too high = too bad. Think about purchasing a car. Obviously, you don’t need a Great Wall C30 because you get what you pay for. Cheap doesn’t mean quality. So be ready to get a number of potential issues as a gift. Now think whether or not you really need a Ferrari at this stage? Or maybe Volkswagen is good enough because of the reasonable price, security, comfort points?
The highest project cost estimation can mean almost the same, though the connotation can be different. These are some options of the possible hidden messages in case of the high quote:
— the reputation of the company and what others say about it;
— their technology stack and whether they use the up to date ones;
— what they put into the estimate, what services are included;
— what list of features is included in the estimate and if that’s really what you need;
— how clearly they explain why it takes that particular number of hours to build your project;
— their involvement and willingness to help you find a solution;
— of course, your personal feeling as there should be some chemistry.
Hope this helps. Should you get any questions, shoot them in the comments section.