Comment 60 k for a secure tight app not feasible (Score 4, Insightful) 269
I do not know the validity of the 60k claim for the app but it seems outrageously low. If this was done with profit in mind probably 15-20k would be an average margin. That leaves 40-45k on the table for the actual development of the app. Taking out operational and administrative costs that leaves around 25-30k on the table for the actual team for two months.
With 10-15k / month you can either have only one good developer working hard on this project or 3 junior to intermediate resources committing their work, not to mention management and oversight cost
Without knowing the insights of the project both options seem extremely poor choices when security comes in play. Good internal security practices require extensive code audits and testing that would probably require at least 2-3 more people involved.
Good quality assurance practices, including security, require a lot of financial effort.
The point is that, unless this was a pre-built app with only customization left to do, there was an extremely high probability to have the result we have today.