In the simplest of terms, an engagement model is the plan that is going to shape the relationship between supplier and the client. It’s a framework a company chooses to manage their customers that serves as a basis of their future collaboration between a client and a software vendor that ensures the level of control, responsibility or flexibility.
Engagement Models
Frixed Price
Limited Budget? With this model, we can provide you with a fixed cost for your product, giving you maximum security in relation to your budget and planning. This is the classic approach in software development where the project has a fixed price and you pay no more than that. In order to get a fixed price, we need to know everything about your product in advance, and we need to be able to communicate with the customer clearly. The fixed price model has a great advantage as it allows you to plan your product in advance. If you have a limited budget, this model will save you many problems by providing an exact amount to be paid .
Time and Material
Looking for flexibility? This model gives you maximum flexibility during the entire development process. You decide which features have the highest priority and are developed iteratively. The great benefit of this model is flexibility and customization because you can make changes to requirements much more easily than the fixed price model, and you only pay for the time that the development team actually spends working on your product. The main difference with the fixed price model is that budget predictability is replaced by budget flexibility - despite estimates, you can not know for sure how much the project will ultimately cost you. The time and materials model is much more suitable for small projects as well as for web developmen.
Dedicated Resources
Do you have a short time?This model gives you all the features you need immediately, with maximum collaboration for optimum performance. All included in a monthly rate at an unbeatable price. The dedicated team engagement model is your best bet if you are looking for long term collaboration on a great project that will develop a complex product from scratch. With this model, you retain maximum control over your project and get professionals who work as your own employees without having to worry about dealing with recruitment, administration or infrastructure issues. This is probably the safest choice for large-scale technology projects, since you can adapt in real time to any changes in the market or to any evolving business need.