How Much Does It Cost to Develop Custom Software
                     How Much Does It 
Cost to Develop 
Custom Software: 
What Industry 
Experts Say
A QUESTION THAT WE ARE ASKED QUITE FREQUENTLY. AND IT’S A TOUGH ONE, 
EVEN FOR SOMEONE WHO HAS BEEN DEVELOPING SOFTWARE FOR OVER 15 
YEARS. WELL, HERE’S OUR THREE-WORD ANSWER: “IT REALLY DEPENDS!”
Content Source: https
://www.goodcore.co.uk/blog/cost-to-develop-software/
What Kind of Software Do You 
Want to Develop?
 In today’s tech-savvy world, the term ‘software’ can mean anything, from 
the weather application on your phone to a comprehensive enterprise 
software used by millions of clients. 
 Even ‘enterprise software’ is not specific enough. Businesses use a plethora 
of different software that enables them to operate efficiently, allowing them 
to perform and manage specific functions. Think about software for every 
single process, from vendor management, production, inventory, clients, and 
projects, to managing employees. All kinds of business software, from project 
management tools to ERP systems, are examples of the integration of 
business processes and software.
 Business owners who want to equip their business with cutting-edge custom 
software, or entrepreneurs that want to launch software that will be “the next 
big thing” in the market, often reach out to us with their ideas. But giving 
precise cost estimates based on vague ideas is virtually impossible. Here’s an 
analogy that explains it better.
Average Cost of Software 
Development and How It Is 
EstAis mdiscuasstede bedfore, there is no fixed answer to the “How much does it 
cost to develop custom software?” question. A software project can cost 
anywhere between £10,000 and £1,000,000, sometimes even more, 
and it all depends on the requirements of the project.
 If you have a project in mind and you want to find out the average cost 
of software development for it, you need to get in touch with a software 
development company – an experienced software team that can provide 
realistic estimates for your project. These estimations of software 
development cost are always expressed in terms of cost, time, and 
effort:
 Cost (measured in £)
 Duration (measured in calendar time)
 Efforts and Experience (measured in person-months)
Software Development Cost 
Breakdown: Factors That Determine the 
Cost of Software Development
 Software Size and User Base 
 Complexity
 Deployment Platform
 Integration with Existing or External Systems
 Complexity of Design
 UX – Interaction between the design and the end-users
Software Development Cost 
Estimation Template
Through our decade long 
software development 
experience, we have learned 
that these are the 
aforementioned six factors 
that impact the cost of 
software development. If you 
still find yourself lost, here’s a 
simple software development 
cost estimation template for 
you!
63% (Development) + 15% (Project Management) + 15% (Quality Assurance) + 7% (UI/UX 
Design)
= Total Cost of Software Development
How Much Does It Cost to Develop 
Custom Software – GoodCore’s 
Approach to Software Costs and Pricing
 Now that you know the important factors that determine the cost 
of software development, let’s talk about how we approach 
software costs and pricing at GoodCore. We are asked this 
question multiple times a day and here is how we do things.
 At GoodCore, we work with clients from the initial stage of 
software requirements gathering and offer them an upfront 
discovery phase. We conduct a 2-day in-person discovery 
workshop where we understand their vision for the software 
product, visualise their product ideas, and conduct a technical 
evaluation. This exercise helps us understand and analyse our 
client’s requirements and allows us to come up with reasonable 
cost estimates.