Currently i'm working on a Purchased Order System Application Project for a small scale company.The Software that i am working on is personalized based on the on their business requirement. The company told me to create proposal include the price how much is the application is so they can process the check for me.The person who give me this project is the company supervisor and also a former supply chain supervisor in my employer before which i work also in some of their applications back then.So i want to be fair.This is my first time to create an application as a sideline so i really never experienced pricing a software even though i am working as full time web  developer in a big company.Any tips and help ?
Pricing personalized software?
freelancing;business;pricing;software
The company told me to create proposal include the price how much is the application is so they can process the check for me.It really depends on how did you negotiate the price. If it is a fixed price, then you need to split your software into logical modules and sub-modules, and price them individually.However, you also need to include condition of Change request - to indicate what would be your charge for that.Roughly speaking, your estimation accuracy is important to determine what effort it will take you to build this application. I would do the following to find the Total: multiply your hours by average rate, add profit 15-30% to overall priceadded expenses like operation, hosting charges if applicable, add taxes. That would be your final total price.Of course, you may negotiate taking base the estimated price and may also lower your price up to 10%. 