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Fixed Cost Model

The Fixed Price Model is best suited for projects with well-defined requirements and a clear scope. The project cost, timeline, and deliverables are agreed upon upfront, providing clients with certainty and predictable outcomes. This model is efficient for smaller projects or those where the scope remains unchanged throughout. It is ideal for projects with minimal risks and where changes during the execution phase are unlikely.

Time & Material Model

The Time and Materials Model is designed for projects with flexible and evolving requirements. It allows clients to pay based on the actual time and resources consumed during the project. This model is effective for long-term or complex projects where the full scope may not be clearly defined from the outset. Clients gain the advantage of scalability and can make adjustments as needed during development, ensuring the final product meets evolving business needs.

Dedicated Team Model

In the Dedicated Team Model, a team of skilled professionals is allocated exclusively to a client’s project for a predetermined period. This approach offers the flexibility to scale the team up or down based on the project’s demands. It provides clients with direct control over the development process and allows for quick adaptation to changing requirements. This model is ideal for long-term engagements, where collaboration, consistency, and focus are key to success.

Milestone-Based Payment Model

The Milestone-Based Payment Model divides the project into distinct phases or milestones, with payments made after each phase’s successful completion. This approach ensures a structured timeline, reduces financial risk for both the client and the development team, and provides clients with measurable progress checkpoints. It is particularly useful for medium-sized projects, where deliverables are segmented into clearly defined stages with separate timelines and goals.

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