FIXED PRICE
Recommended for middle-size projects, where the scope of the project is clearly defined
TIME & MATERIAL
Recommended for middle-size & large projects, and for consulting, which are dynamic and need fluidity.
CONSUMPTION BASED PRICING
For managed services and helpdesk (e.g. # of tickets solved, cloud resources consumed)
MONTHLY SUBSCRIPTION FEE
Pay a regular subscription fee to access to a software service or platform, common for SaaS (Software as a Service) products.
SASS FEATURES
Why do we have different engagement Models?
Every client has unique goals, budgets, and timelines. A fixed-price model works well for projects with well-defined scopes, where costs and timelines can be accurately estimated. On the other hand, a time and material model provides flexibility for clients with evolving requirements, allowing them to adapt the project scope as needed. Additionally, dedicated development teams or staff augmentation models suit clients who require specialized skills for a specific duration without the overhead of full-time hires. These various models ensure that clients can choose an approach that aligns with their specific project and financial constraints.
Furthermore, these models also reflect the dynamic nature of the software development industry. Technologies evolve rapidly, and businesses need adaptable engagement options. For instance, the subscription-based model is ideal for SaaS products where clients need ongoing access to software without the burden of upfront costs. Ultimately, having a range of engagement models allows software product development and services companies to meet the diverse needs of their clients, enhancing collaboration and driving successful project outcomes.
While there are other engagement models in different industries, we are open to discussion and will be happy to discuss and explore possibilities to accommodate your requirements.
FAQ
Most common question
about our services
The Fixed Price engagement model involves defining the project scope, timeline, and cost upfront. It's ideal for projects with well-defined requirements, clear objectives, and minimal expected changes. Clients benefit from cost predictability and a set delivery schedule.
The Time and Material model is suitable when project requirements are likely to evolve or are not entirely clear initially. Clients pay for the actual time and resources utilized. This model offers flexibility to accommodate changes as the project progresses.
While some models, like Fixed Price, provide upfront cost estimates, it's important to discuss potential additional costs for scope changes or unforeseen circumstances. Transparency in cost discussions ensures clarity and avoids surprises later in the project.
Yes, it's possible to transition between engagement models, depending on project requirements and mutual agreement. Discuss this possibility with the software services company, and ensure all parties are comfortable with the change.
Different models may require different levels of communication and collaboration. For instance, a Dedicated Development Team model involves more direct interaction with the extended team. Understanding the communication dynamics is crucial for a successful partnership.
Clarify ownership rights in the contract. In most cases, the client retains intellectual property rights. However, it's crucial to confirm this explicitly to avoid any misunderstandings regarding ownership of the developed software or product.
Have Questions?
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Location
C-27, 3rd Floor, Trapezoid IT park
Sector-62, Noida, UP 201309, India
Make A Call
+91 7065 222 626