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Cost of outsourcing IT services: How much should I pay for high-quality code? (Update)

On the one hand, having read all articles about cutting corporate costs, we’ve learned that web development outsourcing is cost-efficient. On the other, everyone knows that lower prices do not always go hand in hand with the high quality of the code. That being said, there's no doubt that you can find a whole lot of talented world-class developers in countries where life is simply cheaper. The question is, however, how to find the best ones while simultaneously keeping the cost of outsourcing IT services at a low level?

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