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.
HIRE PHAEDRA TEAM
Time and Material Modelphaedra2020-12-03T14:02:20+00:00
Time and resources are deployed as required,
no stretched hours
We opt clients who want to pay at an hourly rate which is agreed upon when the agreement between the two parties is concluded. Team sizes and project requirements change over time thus cost and duration of the project varies.
T&M Model Works Best When Determining The Full Amount Of Work And Time For Implementation Is Uncertain.
Outsourcing companies you get in touch with can inflate the time and budget of your project to infinity as it’s a common fear. But here at Phaedra, we deploy time and resources as per the requirements of the clients and no extra man-hours.
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.