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Time & Material
We provide qualified resources at a monthly or hourly rate for the defined skill profile. Client is responsible for managing resources and the output. We will have limited operation engagement such as availability of resources, staffing fulfillment timeliness, etc. The client pays on the basis of time / effort / resources used and the project cost is a function of the total project execution time and the resources deployed.
Fixed Price
We get paid a fixed, pre-agreed amount for a fixed deliverable / scope of work at preset, periodic time-scales. Requirements, scope, services, features, timing and service levels are also fixed. Projects are executed and performance is measured with defined task deliverables in a given schedule and budget. Changes to scope and other items are handled through a change control process.