The Fixed bid Model is adopted for the projects where the scope, schedules and project path is well defined. This model is suitable for small or mid size projects and is usually based on agreed SLA’s or on achievement of agreed milestones. Our experts work with the client to define the required output at a mutually agreed fixed price based on the efforts involved.
These T&M and Fixed bid pricing models are applicable for all the projects and services outsourced and applied accordingly to suite the business requirements of its clients.
Time and Material
The Time and Material model is best suited when the project scope is not well defined and the services are transitioned in phases. In T & M, the client can ramp up or ramp down the resource based on his requirements. This model follows a strict project management and reporting practices where task sheets are generated based on daily/weekly basis for each person working on the project.