We follow both fixed price and hourly rate model. However, usually, the pricing depends totally on the individual requirements of the projects and clarity in terms of execution strategy and requirements. It is essential to have a comprehensive requirements analysis to ensure that there is no ambiguity in terms of the scope of Magento website development requirements. We adopt this strategy to come up with an accurate quotation for the project. On top of that, we even keep track of any change requests throughout the development cycle so that there is no unexpected increase in the budget.