Why Does Innovolo Charge An Estimate Fee For Your New Product Development Project?

Learn about the product development process at Innovolo and why we charge for estimates. We want to ensure that our clients receive the best possible service and value.

Why Might A Prototype Possibly Cost You More Than The Developed Product Itself?

When it comes to making a prototype, there are specific components and materials that need to be used to ensure that it functions properly.

The Highs and Lows of Chemical Engineering Pricing: What Drives Prices Up and Down in the Industry

There are many factors that go into chemical engineering pricing for new product development projects. It can be a complex process with a lot of moving parts.

Milestone Billing vs Time and Materials (T&M) vs Fixed Price Billing for Product Development Projects

In this article, we'll compare Milestone Billing with Time and Materials Billing and Fixed Price Billing to help you decide which is right for your next project.

How much do you charge per hour?

We charge a standard rate of between £120-250 per hour for most of our services, depending on the nature of the work and how much time it will take.

Do I have to pay for the whole project up front?

No. We will normally charge you £4,750 for our DiscoveryPhase which is a fixed price for research and development work. Read more about our Discovery Phase here.

When do you charge for your services?

We usually generate an invoice at the beginning of each month. You can also top up your service hours during a month.