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Project Timeline and Cost Scope

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1. Scope of Work

  • Landing Page Design (UI/UX, Branding, Desktop & Mobile Views)
  • Web App UI/UX Design (Wireframes, Prototypes, High-fidelity UI, User Flow)
  • Mobile App UI/UX Design (iOS & Android Versions, Prototyping)
  • Design Handoff to Developers (Style Guide, Components, Collaboration)

2. Cost Estimates Based on Team Size

Team SizeTimeframeTotal Estimated Cost (₦)
Hiring 1 Designer (Slowest)3-5 Weeks₦2,500,000 ($1,600)
Hiring 2 Designers (Standard)2-4 Weeks₦3,500,000 ($2,300)
Hiring 4 Designers (Fastest)1-3 Weeks₦4,500,000 ($2,900)

3. Detailed Cost Breakdown

Category1 Designer (₦)2 Designers (₦)4 Designers (₦)
Designers Payment₦1,000,000₦2,500,000₦3,500,000
Your Management Fee₦1,000,000₦1,500,000 – ₦2,000,000₦2,000,000 – ₦2,500,000
Design Tools & Software₦200,000 – ₦300,000₦300,000 – ₦500,000₦500,000 – ₦800,000
Revisions & Iterations₦300,000 – ₦500,000₦500,000 – ₦700,000₦700,000 – ₦1,000,000
Stock Allocation₦500,000 – ₦1,000,000₦500,000 – ₦1,500,000₦500,000 – ₦2,000,000

Total Cost | ₦2,500,000 | ₦3,500,000 | ₦4,500,000 |

4. Payment & Stock Split Proposal

Since the company is offering stock as part of the payment, I recommend:

68% Payment and 32% Worth of Shares

  • Cash Payment: ₦1,700,000 ($1000)
  • Stock Allocation: ₦800,000 worth of shares ($600)

This ensures:

Expenses are covered
Designers are paid
Management cost profit from the project
I will still get ownership in the company (equity/stock)

5. Timeframe Breakdown

Scenario 1: 1 Designer (Slowest)

  • Wireframing & UX Flow: 1 Weeks
  • Landing Page UI Design: 1 Weeks
  • Web App UI Design: 1 Weeks
  • Mobile App UI Design: 2 Weeks
  • Revisions & Handoff: 1 Week
  • Total: 6 Weeks (1 / 5 Months)

Scenario 2: 2 Designers (Standard)

  • Wireframing & UX Flow: 3 Days
  • Landing Page UI Design: 3 Days
  • Web App UI Design: 5 Days
  • Mobile App UI Design: 4 Days
  • Revisions & Handoff: 1 Week
  • Total: 2 – 3 Weeks (1 Month Max)

Scenario 3: 4 Designers (Fastest)

  • Wireframing & UX Flow: 1 Day
  • Landing Page UI Design: 2 Days
  • Web App UI Design: 3 Days
  • Mobile App UI Design: 2 Days
  • Revisions & Handoff: 1 Week
  • Total: 1 – 2 Weeks (Less than a Month)

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