This is a Time and Material engagement model wherein billing would be done based on the time and efforts spent by the resource. This engagement model is ideal for a constantly evolving project where the scope is not defined.
Time and Material engagement model based projects could be completed using a single resource or using multiple-resources with different skill sets depending upon the needs of the project. The number of hours spent by the resource would be monitored and the progress of the project will be tracked by a project manager.
The Fixed price engagement model is well-suited for projects where the scope, delivery timelines, budget, terms & conditions are clearly defined and agreed upon before the initiation of the project.
First, you share a detailed project specification which we review to ensure that we have a firm understanding about the project. Upon completion of requirements analysis, we provide a fixed quote depending upon the manpower and total number of man-days required to complete the project.
Once the quote is accepted and you have made the first payment, we initiate the project. Like every other engagement models, a Project manager will be allocated as your single point of contact. Though in this engagement, client dependency may increase as we seek regular feedback.
With Dedicated Engagement model you can hire a single resource or team of resources to work as an extension to your team. Dedicated Engagement model provides an option for you to hire well-trained professionals that work exclusively for you and this model is most suited for long-term engagements.
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