How does one go about valuing this kind of work?
The project is supposed to take 4-6 weeks to complete. The project is C++ development in a specific field (Wifi). I'm leveraging my existing code (say 50%) to build their product.
Some thoughts and pointers would be great.
Who owns the rights to the product when you're done? You or them? That should be a factor in the pricing, of course.
Do you have a clear spec? (If the answer is no, get one or make one.)
How confident are you in your time-estimate of 4-6 weeks? Do you feel comfortable taking the risk (i.e., doing it for a fixed price), or do you want to push the risk to them (i.e., work on it at an agreed-upon hourly rate, for however long it takes)?
It is their product and I'll incorporate this info into the pricing factors, thanks.
I have somewhat of a spec but it needs more review before it can be considered a serious set of requirements.
Time-estimate is fine. I'd rather do it for a fixed price -- the company did agree to have a term structure for compensation 15% at start, 15% at first milestone etc.