The Pricing Process
We create a bespoke pricing structure for each project. We start by trying to understand your business goals, discussing the intended solution and possible ways of working. Depending on how well-defined a project is, together we then decide what type of contract is most appropriate and what the pricing structure should be. We have several different pricing structures, and we will work with you to find the best one for your project.
The process involves:
| Step | Task | Goal |
|---|
| 1 | Initial video call to discuss the project | Understand the goals and ensure we are a good fit |
| 2 | Second video call to discuss pricing structure | Agree on the pricing structure and contract type |
| 3 | Present proposal | Agree on the scope of the project and the pricing structure |
| 4 | Sign contract | Agree on the contract and start the project |
AI Pricing Structures
If the project involves in-depth research and development, and the specific tasks are not known ahead of time, we typically engage in a time and materials contract. This is a good option for projects that are not well defined, or are likely to evolve . The vast majority of our development projects are structured like this, to offer the flexibility to deliver the most value to your business.
If a project is well-defined and the tasks are identified upfront, we might engage in a fixed-price contract. In this situation, we develop a project plan summary to create an estimate of the costs. This is a good option for projects that are unlikely to change scope partway through. We often use this approach for proof of concept projects, where the terms are well-defined and the project is likely to be completed within a few months. We often include phasing into the fixed-price contract to provide flexibility, such as allowing you to pay in stages.
There is also a middle ground, a fixed-time contract, where the budget is constrained but deliverables are not guaranteed.
How We Work
Our work comprises three dimensions: the type of project, the type of work and the type of contract.
| Type Of | Common Examples |
|---|
| Project | ML RL MLOps AI |
| Work | Development Consulting |
| Contract | Time & Materials Fixed Cost Time & Materials with Minimum |
Main Factors Affecting the Price of an AI Project
The main factors that impact the size and cost of AI projects are:
| Factor | Example |
|---|
| Work/Project type | consulting vs. development, ML, RL, MLOps |
| Complexity of the domain | simple industrial control vs. complex medical imaging |
| Impact of the problem | minor process improvements vs. safety-critical |
| Size of the problem | data analysis vs. global-scale production |
| Risks involved when accepting a contract | fixed-cost contract with immature company vs. a time and materials contract with a mature company |
We charge a similar amount across the full range of projects. However, Consulting tends to be more expensive than Development. And in the long run, Fixed-Cost projects are more expensive than Time and Materials.
