Tailored to Your Business Needs
Fixed Pricing for Product Development.
At FYELABS, we offer clear, fixed pricing to support your product innovation journey. Our packages are designed to provide the flexibility you need while keeping your costs predictable, ensuring the best value as we bring your ideas to life.
Our fixed pricing and schedules are based on estimated effort by our team.
Tailored to Your Business Needs
Fixed Pricing for Product Development.
At FYELABS, we offer clear, fixed pricing to support your product innovation journey. Our packages are designed to provide the flexibility you need while keeping your costs predictable, ensuring the best value as we bring your ideas to life.
Our flat-rate pricing and schedules are based on estimated effort by our team.
How We Calculate Our Fixed Prices.
Each project includes a Product Manager (PM) as the technical lead and point of contact, supervising experienced Developers (DEVs). The PM ensures smooth project execution, while DEVs handle technical delivery under the PM’s guidance. The hourly rates below are used to calculate the fixed prices. These are NOT billable hours.
Each Hour includes
- Seasoned product development professional
- Your single point of contact
- Supervisor to all other staff
- Primary responsibility in QA
Each Hour includes
- Among the creme-de-la-creme
- Trained and tested in the FYELABS way
- Well-informed in the latest & greatest tech
- A rising star (yes, always!)
Our pricing has 4 simple conditions.
Out of Pocket Expenses
Out of pocket expenses such as materials and travel will be invoiced at cost.
Project Administration
A project administration fee charged at 10% of labour costs will be added.
Project Startup
A startup fee of $2,270 CAD ($1,940 USD) is applicable if the total project value is less than $60,000 CAD.
Taxes & Fees
Taxes and fees are extra as applicable.
How We Invoice Your Project
For projects <$100,000
We invoice 50% on signing, 50% upon completion
For projects >$100,000
We establish invoice trigger points based on milestones
package includes
- 10 Hours/Month
- Answers to questions/tickets within 1 biz day
- Meetings scheduled within 5 business days
- Billed on the first business day of each month
- No commitment, Use as little as one month
- To cancel, give us 10 business days notice
Example Documents (Proposal, NDA etc.)
HAVE SOME QUESTIONS ABOUT PRICING
Frequently asked questions
Discover answers to our most common Pricing related questions below.
It depends on the task at hand. All of our projects are fixed fee in nature. We use an hourly rate to calculate the cost and present it to you upfront before you sign the deal. The only exception to this are our Retainer Services, where all efforts beyond the 10hrs/month included in the subscription are billed at the hourly rate. Costs for various projects have ranged anywhere between $2,500 and $500,000 CAD.
FYELABS operates with a no-frills business model, meaning we avoid unnecessary overheads and focus on delivering exactly what you need. By leveraging open-source technologies and streamlining processes, we’re able to provide cost-effective solutions without compromising on quality. This approach allows us to offer competitive fixed-fee pricing.
Our fixed-fee pricing model includes all the work necessary to complete your project from start to finish. We provide an upfront quote that covers everything, so you won’t face any hidden costs along the way. The only additional charges may come from out-of-pocket expenses, such as travel or materials.
While the cost depends on the complexity of the project, FYELABS’ projects generally range between $2,500 and $500,000 CAD. The average project cost is around $30,000 CAD, making our services accessible to both startups and SMEs.
Yes, we charge a project administration fee equivalent to 10% of labor costs. This ensures efficient management and execution of your project, allowing us to maintain high-quality standards throughout.
For projects under $100,000 CAD, we invoice 50% at the time of signing and 50% upon project completion. For larger projects, we establish milestone-based payments to match the progress of the project, making the process transparent and manageable.
Yes, for projects valued at less than $60,000 CAD, a startup fee of $2,270 CAD ($1,940 USD) is applicable. This fee ensures that all the necessary groundwork is covered to launch your project efficiently.