the startups.com platform about startups.comCheck out the new Startups.com - A Comprehensive Startup University
Education
Planning
Mentors
Funding
Customers
Assistants
Clarity
Categories
Business
Sales & Marketing
Funding
Product & Design
Technology
Skills & Management
Industries
Other
Business
Career Advice
Branding
Financial Consulting
Customer Engagement
Strategy
Sectors
Getting Started
Human Resources
Business Development
Legal
Other
Sales & Marketing
Social Media Marketing
Search Engine Optimization
Public Relations
Branding
Publishing
Inbound Marketing
Email Marketing
Copywriting
Growth Strategy
Search Engine Marketing
Sales & Lead Generation
Advertising
Other
Funding
Crowdfunding
Kickstarter
Venture Capital
Finance
Bootstrapping
Nonprofit
Other
Product & Design
Identity
User Experience
Lean Startup
Product Management
Metrics & Analytics
Other
Technology
WordPress
Software Development
Mobile
Ruby
CRM
Innovation
Cloud
Other
Skills & Management
Productivity
Entrepreneurship
Public Speaking
Leadership
Coaching
Other
Industries
SaaS
E-commerce
Education
Real Estate
Restaurant & Retail
Marketplaces
Nonprofit
Other
Dashboard
Browse Search
Answers
Calls
Inbox
Sign Up Log In

Loading...

Share Answer

Menu
Enterprise Software: IOS app - How to estimate and charge for new app functions
SP
SP
Shay Punter, Digital Project Manager answered:

Hi there!

Approaching the R&D for unknown tasks will always have that element of unknown to it, however, the approach I take, that works best for me is:
1. Have a developer estimate the number of hours they think it will take to implement that piece of functionality (then you can convert these hours into a rate)
2. Add a contingency budget into the fixed price, so that it is something you call fall into should the unknown work piece go over its estimated hours (a typical contingency budget is around 10% of the overall project budget)
3. Be clear on your communications with the client, that could be as simple as saying "We've not come across a request for this functionality before, as such, we aren't too clear on the amount of work thats fully involved"
4. The more unknowns/uncertainty around the project, the higher the contingency budget

I'm Shay by the way! I have run some major projects across the software industry, working with Team Visionary, I have had the privilege to lead major successful projects for Google, Atlassian and OnePlus.

I hope this helps you, if you do require further assistance, I would love to jump into a call and provide you with support.

Talk to Shay Upvote • Share
•••
Share Report

Answer URL

Share Question

  • Share on Twitter
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Share by email
About
  • How it Works
  • Success Stories
Experts
  • Become an Expert
  • Find an Expert
Answers
  • Ask a Question
  • Recent Answers
Support
  • Help
  • Terms of Service
Follow

the startups.com platform

Startups Education
Startup Planning
Access Mentors
Secure Funding
Reach Customers
Virtual Assistants

Copyright © 2025 Startups.com. All rights reserved.