We offer our customers a choice of business models to better suit their business strategies. Depending on the customer's specific requirements, the kind and scope of project, and the time frames, one of the following business models can be selected: Fixed Price, Time and Material, and ODT / Offshore Staffing and BOT.
Fixed Price
The Fixed Price model is normally used when it is possible to make an accurate estimate of the total cost of the work to be done or the services to be supplied. It is a cost effective and low-risk approach that works best with the Prototyping development model, when the project scope and requirements can be completely specified at an early phase. The total cost and the development timeline are pre-negotiated and agreed upon in advance, development is governed by a detailed project plan, and every deliverable is bound by a schedule. If the customer doesn't change any major requirements in the course of the project, we guarantee on-time and on-budget delivery of the product.
Time and Material
The Time and Material model presupposes that customers pay weekly or monthly fee based on reports on the amount of work done. It is convenient for projects with requirements that are either unclear or bound to change during the development process. The Time and Material model is implemented using Iterative Development. The team size and structure may be modified in the course of the project to fit the existing workload and updated objectives.
To meet our customers' needs in the most flexible way, we may also offer to execute some phases of a project based on the Fixed Price model provided that the project requirements, specification, and time frames make it possible.
ODT / Offshore Staffing and BOT
ODT (Offshore Dedicated Team) is a development team that is put together specifically for your needs. The specialists on the team work full-time on your projects exclusively. This option is beneficial for long-term engagements. It offers competitive rates and guarantees full control over the entire process, ensuring high quality and efficiency of the work performed. This business model is also known as Offshore Staffing and is supposed to be used in conjunction with the Iterative Development model. If you choose ODT, you will pay a fixed monthly fee for each team member.
We also offer a business model called BOT (Build, Operate, Transfer). It is a favorable option for a customer specifically interested in the benefits of offshore staffing, who would like to own an off-site development center avoiding the risks inherent in the early formation phase. For such a customer, we build ODT with all the personnel and infrastructure necessary to commence work, let the customer operate the team, and eventually transfer the complete ownership of the facility and resources to the customer.
Assistance in creating and registering a new company and staffing it with administrative personnel are provided for additional cost.
