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Fixed, Time & Material, Shared Risk,
or Hybrid?

FIND WHICH ENGAGEMENT MODEL SUITS YOUR OFFSHORE DEVELOPMENT NEEDS THE BEST.

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Reading this e-paper you should be able to take your pick of offshore engagement model for your development needs

AS YOU TAKE LATEST INDUSTRY REFERENCES BASED ON EXPERT GUIDANCE!
01

The Fixed Price Model

In a Fixed Price Model both the parties agree upon a cost for services, encompassing whole efforts and time that go in building the solution. This model is mostly relevant when the scope and requirements of the project are clear.

02

The Time & Material Model

The most common of all, Time & Material Engagement Model requires you to pay for the total efforts and the resources involved at a mutually decided rate. This is calculated in hourly, halftime (generally 4 hours) and full-time (generally 8 hours) engagements.

03

Open Book Model

In an Open Book Model, you bear the actual expenses for development and additionally pay for the skills and efforts. This model best suits you when you have easy access to development resources and only need developer to provide its services.

04

Shared Risk/Reward Model

Best suited for small businesses, the Shared Risk Model allows both the parties to share the risk and reward that come out of the endeavor. Here, the percentage of risk and reward varies as per the co-existing agreement based on the need and situation.

Which model. What. Why. Everything’s here!

YOU WON’T REQUIRE A PRICING CONSULTANT AFTER GOING THROUGH THIS ELABORATED GUIDE ON ENGAGEMENT MODELS!

In this e-paper, you are going to explore the core development attributes, application processes, and value proposition different engagement models put up with. This would be taking in all the authentic references, critical insights and expert ideas to identify different market situations, functional possibilities and venturing events that different businesses come from to seek offshore development services – as it attempts to discover and explain what pricing model should be best fitting a certain case.

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