How to determine a price for a code?
Is there a standard in putting a price for a code work?
Based on what should we put a price on the code we write?
The time spent, the complexity, ordered pizzas, etc ?
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How to determine a price for a code?
Is there a standard in putting a price for a code work?
Based on what should we put a price on the code we write?
The time spent, the complexity, ordered pizzas, etc ?
Hi,
A PicBasic Pro program developed for just one customer or what?
Can you describe the project?
- Requirements gathering.
- Hardware development.
- Software development.
- System Test.
- Documentation Writing.
- Customer training.
- System maintenance.
- ....
- ....
Best regards,
Luciano
What's the customer willing to pay?
I have charged $125K for a weekends private work before now, the customer pulled out his chequebook and didn't even blink. I walked away feeling bad because I could have asked for more...
Every job is judged on it's own merit, complexity, client and location. Some jobs are complex and you don't always earn much, other jobs are simple and you can earn heaps.
What I charge here in Western Europe or in the USA will not apply to you somewhere like Turkey because you would have to adjust for local factors. If you have a monopoly product, then there's no competition and you can charge what you like. If on the other hand, you have someone on the other side of the street that is willing to do the same work for $5/day, then perhaps you should come to an arrangement with them!
I see where Luciano is getting at.
Let’s consider this issue as a general issue. One PBP code developed for one customer, only the code is the product. There is no sample code in hand, a new development for a new hardware a customer brought up!
Also, later on, if the customer requires some modifications with the code, after the money is in the pocket of course, how much to charge for diving into code again and have some modifications?
For modifications afterwards, did you have an agreement with the customer prior to releasing the code the customer Melanie?
Hi,
Try that:
Best regards,Code:Example:
You invest 20000 to start your business.
Annual costs to run your business: 50000
Annual salary: (Your salary) 60000
Gain margin: (15% of 20000) 3000
========================================================
Total costs: 113000
Annual work hours: (10x5 x4 x11) 2200
Annual not billable hours (10% of 2200) - 220
========================================================
Total billable hours: 1980
What you will have to charge for one hour work is:
113000 / 1980 = 57.07 (60)
Luciano