Time and Material Model.
A model perfect for complex projects with inevitable changes in the specifications and design. It allows greater flexibility as clients alter project requirements on an ongoing basis.
Time and material model allows flexibility for responsive changes from client’s side.
HIRE PHAEDRA TEAM.
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HOW WE WORK.
We improve team performance by tracking and optimizing each and every step of the development cycle.
In-depth knowledge enables us to develop an understanding of the challenges a client faces.
Our rigorous internal screening process identifies the gaps and ensures your project is in reliable hands.
We come up with an effective set of dos, don’t, and hows in the context of future app design and development.
Design and prototyping with the requirements in place once finalized moved to development.
This phase is about writing the actual code and converting the design into the software within SDLC (Software Development Lifecycle).
After development, system testing and integration start, and if bug-free the crafted solution is implemented.
Other Engagement MODELS AND PAYMENT.
Allocate team that work only for your product Our dedicated development team works hand-in-hand with you. You pay for the week or month of work completed by the team. Suitable for early-stage startups when the product needs to be discovered along the way. Less planning and a faster start.
Time & material model.
An agile business model where the client only pays for the resources and time spent on the project. The payment could be on an hourly basis and the scope of work is defined for specific tasks assigned. Ideal for complex or long or time-taking projects with inevitable changes in the scope.
Fixed price model.
Project scope is clearly defined with deliverables and timelines. Ideal for short-term projects with a duration of 3-6 months typically. A client must be abundantly clear about the performance of the final product. This model doesn’t pay for time and resources utilized rather on results with a fixed budget.
How do time and material contract work at phaedra?
A misconception is, client has to pay for the time of a developer and the material/software he used. However, that is not true. Time and material agreement signed between client and Phaedra assumes that client pays only when the work is done completely or some milestones are achieved. Milestones are defined by the client.
Estimate each part of functionality separately
The project is divided into tasks, each task is estimated separately. Client can make all the needed changes/additions during the process of development.
Set the number of hours for functionality implementation
Developers at Phaedra Solutions work on fixed hourly rate which shows their expertise. Once the tasks are assigned and listed, developers consume a defined number of hours for each task/functionality implementation.
By multiplying the rate of the developer’s hour with the consumed hours, client get the cost of the task.
Tasks completion on agreed terms
As a developer completes his tasks he informs his project manager or whatever the project hierarchy is, and the project is being sent for review.
Client’s approval and payment
When a client shows satisfaction after reviewing the completed tasks, he pays for the project.
it’s not about ideas
it’s about making ideas happen