The project-based approach is the recommended option for companies that need one-off or pilot projects. The scope and requirements of the project need to be well defined and documented. This means that deliverables, costs, and deadlines are clearly illustrated. You pay a fixed price for the complete project, the cost of which has been estimated based on the specifications provided by you. Within the frame of such projects, we use a phased approach that includes scoping, development, implementation, and support.
This approach is similar to the time and materials, the main difference between the two being the fact the in the time and materials model an engineer can work part time for one customer and part time for another, while in a dedicated team approach all the engineers in the team are fully allocated to one customer. The time and materials approach is suited for engagements where resource allocation cannot be forecasted precisely and/or full time employees are not necessary, while with dedicated teams the allocation is usually agreed for long periods of time.
Time & Materials
The time and material approach is recommended in cases when scope, specification, and implementation requirements cannot be clearly defined at the beginning of the project. Under this model, the customer pays the agreed hourly price for the efforts of our developers and project managers. For this particular model, we build project teams and provide equipment and infrastructure in accordance with project requirements.