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Time & Material


Time & Material model is formed for projects, when it is difficult to estimate the required timeframes and budget. This model provides you with a possibility to pay for company's services partly taking into account the payment agreement indicated in the contract. After both sides’ agreement with timeframes, software, hardware, human and other resources required for your project, we invoice your monthly or weekly charge.


Scheme of work


Profits

  • Flexible and negotiable budget
  • Opportunity to pay in parts
  • Low risk for a client. Project development can be changed or cancelled at any stage

Limits

  • There are no strictly defined deadlines
  • The project’s budget is less controlled.
  • The client is deeply involved into the development process.

Best use

This model is quite flexible and highly effective when it is hard to estimate the final cost of the project and when the customer's requirements can change depending on different factors.