Catawba Research’s fixed pricing model for CRO service fees is an extension of our customer-centric approach that offers predictability, transparency, and simplicity. By agreeing to a set price at the outset, Sponsors can manage their budgets effectively, make informed decisions, and focus on the quality and value of the services we deliver. Our fixed pricing model fosters trust and efficiency, ultimately enhancing the overall customer experience.
60%
projects with no
change orders
80%
change orders that are customer driven
Benefits of Fixed Pricing Model to Customers
1. Budget Certainty
- Customers know the total cost upfront, which aids in financial planning and budgeting.
- There are no surprise expenses or hidden fees, reducing financial risk.
2. Simplified Decision-Making
- Fixed pricing simplifies the purchasing decision as customers can easily compare offers based on a set price.
- Customers can make faster decisions without the need to consider potential cost variations.
3. Enhanced Trust and Transparency
- A fixed pricing model promotes transparency, as customers are aware of what they are paying for from the start.
- It builds trust between the customer and the service provider, fostering long-term relationships.
4. Focus on Quality and Delivery
- Service providers are motivated to complete the project efficiently and to a high standard by managing costs within the fixed price.
- Customers can focus on the quality of the deliverables rather than worrying about cost escalation.
5. Reduced Administrative Burden
- Fixed pricing reduces the need for ongoing price negotiations or frequent invoicing adjustments.
- It simplifies contract management and financial oversight for both parties.
6. Incentive for Efficiency
- Providers have an incentive to manage their resources effectively to maintain profitability.
- We are adept at streamlining processes and innovative solutions to meet the project requirements within the fixed budget.
7. Clear Expectations
- With a fixed price the scope, deliverables, and timelines are clearly outlined, minimizing misunderstandings and scope creep.
- Customers have a clear understanding of what to expect, leading to higher satisfaction.