If I understand well, you are CMM "4 or 5", but still delivering software with missing requirements?
I can't explain this. As this is off-topic, i will stop here, and just conclude that you are in an unusual situation.
So let's speak of a more usual situation:
- either you are using some formal method and full code automatic generation (very seldom),
- or coding is still mostly a human activity.
In this later case, believe my experience, readability really matter.
Readability is not easy to measure, so it is for readability impact on cost, but no experienced programmers will tell you that it's free.
-- Lionel Draghi http://swpat.ffii.org/index.fr.html
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