Costs for Building Bespoke
Software Products

Money matters! Spend it wisely! We help build bespoke software products on budget and on time, all in a cost-effective manner.

ALL SOFTWARE PROJECTS ARE NOT EQUAL

Factors Impacting Bespoke Software Development Costs
Just like everything else in life, all custom software projects are not equal either. They differ based on not only individual software development companies but also the following high-level characteristics:

Technical Complexity

If your software projects are scientifically complex, it would add a lot to your software cost. Complexity could be a real-time collaboration between users of the app, video functionality with no lag, process flows with a lot of dependencies etc.

Features & Functionalities

The number of features you want is the biggest cost driver. Screens, buttons, fields involved, and the amount of logic required can cause the custom software cost to change drastically.

Third-Party Integrations

Integration with third-party software systems such as payment gateways, maps, ERPs, or CRMs affect software development costs. Some of these integrations are straightforward but others can get complex and time-consuming for the software developer.

Custom Design

Custom user interfaces are rather complex to implement for the development team, so the cost of a custom interface will be higher than the cost of an interface built from standard components or with no design at all.

Components of Software Development Costs

There are 4 majors cost components for custom software, and each one of them carries a different weight in the total costs. Each one is a critical item and important for a successful product development effort. The following is a rough idea of the cost distribution for these major factors based on fixed-cost projects:

SOFTWARE DEVELOPMENT COSTS

Note: The cost distribution provided above is based on rough estimates. These software development costs vary based on size, complexity, and engagement model (i.e. the type of pricing model you choose, e.g. hourly rate, dedicated team etc.).

Average Cost OF CUSTOM SOFTWARE

AVERAGE COSTS OF SOFTWARE DEVELOPMENT

On average, the cost of custom software, based on its size and complexity, could fall in the range of:

  • Small project: £10,000 – £35,000
  • Medium-sized project: £40,000 – £65,000
  • Large project: £70,000 and above

The actual cost for custom software, as you can imagine, would depend on many factors and can only be scoped after a detailed discovery exercise with you. Also, small/medium/large are very relative terms and could mean different things to different people and different software development companies; the estimates mentioned above are meant to give you an idea, based on our experience of delivering numerous projects over the last 15 years.

Estimate your Project

Advice: Phased Approach

Most software development companies follow an iterative process – you don’t have to do it all in one go. Our advice for you is to choose a phased development approach for your custom software.

You can start out with an MVP (Minimum Viable Product) that features all the things that absolutely must be in the application to test the market out. Follow that with Phase 1, which adds more important features based on users’ input. Additional phases can be added as and when needed.

Prioritise

Budget

Rethink

Adjust

Incorporate
Feedback

  • Prioritise the features for your product. Allocate the most time, attention, and budget to things that matter most.
  • A phased approach makes budgets easier to cope with and gives you a chance to discuss with your software developer and rethink your plans based on different factors.
  • Once your users start using the software, priorities will change. A phased approach lets you adjust the features that need to be added next.
  • Your product idea might alter or completely change based on what you are learning from user behaviour and response. A phased approach will help you efficiently manage your custom software product.

GOT A CHALLENGING PROJECT ON YOUR MIND?

Let's talk! We will provide you with a free consultation and
precise estimates for software cost.

Get in touch with us

Things we do next

  • Our team contacts you within one business day
  • We engage an initial discussion to understand your requirements
  • Our team of analysts and developers assess the scope and propose a way forward with mutual consultation
  • All information exchange is protected via a mutual NDA
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