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Effort Based Pricing (Time and Material) |
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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 | Pros | Cons | - More control over implementation
- Good when evolving requirements
- High flexibility & Control
- Less expensive than fixed bid
- Dedicated Team
- More Benefits >>
| - Client's Time involvement is more
- Budget depends on how well the teams are managed.
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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
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