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T&M Model
Time & Material (T&M) Model is applicable for projects that are bigger
and longer in duration. When specifications and implementation plans cannot be
clearly defined before taking up the project, T&M Model is the right choice
allowing you to modify your specifications, adjust time schedules and define
scope during the execution of your project.
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Fixed Price Model
The Fixed Price Model is best suited to small and medium level projects with
definite scope and clear specifications of the projects. You can engage this
model when everything about your project is apparent from the beginning of your
project to its delivery and pay a fixed price as per the agreement.
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