A fixed fee model is a time bound, project based engagement model, which defines the scope, expected deliverables, time-frame requirements. If you engage in this model, you would be able to focus on your core business and activities by engaging our technical and domain specialists.Time and Material Model
This model is best suited when the scope, project outcomes are not defined at the time of kick-off. In such cases, since the end outcome is not clearly known, billing can be done basis resource utilization deployment. Each resource type will have a particular bill rate, depending on their skill set, experience and role in the project. A pre agreed rate is charged until the full project is delivered according to the time expended by the resource, like for example the billing can be done on hourly, weekly or monthly basis.
In this model, the dedicated team is based out of an offshore location, and regularly interacts with the client to ensure project activities and delivery are progressing as per defined scope and arrangement.
In this model, the client team and the development team form a part of the core committee. The client core team will be at the client site and the development core team would travel as required to the client site, for meetings and updates.
In this model, the core team sits out of the client location, while the support team members like developers, testers etc, sit from an offshore location.