Effort Based Pricing (Time and Material)
Effort based Pricing model is also referred to Time and Material (T&M) based pricing. In this model, the project cost is a function of the total project execution time and the corresponding resources deployed. The model is flexible according to client requirements and it ensures that the client has the ‘control’- always.
Preferred Suitations for effort based pricing model
- This engagement model is particularly useful in contexts where the projects are quite complex and are prone to specification and design changes midstream.
- This model gives customer greater flexibility in terms of developing the project specification on an ongoing basis and modifying the specifications based on the changing market needs.
Pros and Cons
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Why choose us?
- Direct access to the team through phone, messengers and email.
- We provide you with dedicated technical resources that fit your requirement.
- We use processes and methodologies mandated by the client, and work the hours preferred by the client.
- Availability of local Project Managers
- Timely Reporting - Daily, Weekly, Monthly
- Access to FDSC's "Action Tracker" for tracking tasks, issues etc..
- Flexible work hours
- Proven credentials
“Reliability and a solid line of communication were the two most important things for me when searching outsourcing software development. From my first phone call to FDSC, to every email I send, responses have been quick, clear, and dependable. They stay on top of my work, even when I fall behind. My experience with FDSC has been a good one and I would definitely recommend them.”
Owner, Lava Lighting LLC