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A comparison between Time and Material and Fixed bid engagement


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Title: A comparison between Time and Material and Fixed bid engagement

A comparison between
Time and Material and Fixed Price engagements
for Software Development
Presentation Contents
  • Defining the models
  • When to use
  • Project approach
  • The cost / fee
  • Reach us

Defining the models
  • Time and Material
  • and
  • Fixed Bid

Time and Material
Fixed Price
  • When the project scope, specification and
    implementation plans cannot be precisely defined
    at the outset or requirements change dynamically
    during the project implementation process, the
    time material model provides the flexibility of
    varying the size and workloads of the development
    team assigned to your project, while optimizing
    time and costs. Under the time material option,
    we provide skilled resources and the development
    effort is billed at the end of every month based
    on the pre-negotiated and a mutually agreed
    hourly rate. This engagement can go from a few
    months to several years.
  • The total project cost is determined by the
    amount of time and resources expended and the
    actual effort towards the development.
  • A Fixed Price model is viable for projects with
    well defined requirements and schedules. When
    your need is clearly specified in sufficient
    detail, we will estimate the project scope and
    complexity, and provide a project delivery
    schedule along with a fixed price for the
    complete software development.
  • Under this business model, we ensure quality
    delivery of the final product within a
    pre-scheduled timeframe, and you pay a mutually
    agreed fixed price for the project implementation.

When to use
Time and Material
Fixed Bid
  • When your requirements are not clear.
  • When the projects are spread over several months
    to several years.
  • When you require high degree of flexibility.
  • When you want the project processes to be
    tailored to your requirement.
  • When you want the resources to be controlled
  • When you want simplicity and want to avoid the
    complexity that always creeps into large software
  • When you want a fixed and dedicated team.
  • When your requirements are clear and defined in
  • When the projects are spread over a few days to a
    few months.
  • When you want little or no flexibility on the
    project requirements.
  • When you want to determine the exact budget in
  • When you don
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