Project Based Outsourcing Model

• Fixed Price Model (FP)
• Time and Material Model (T&M)
• Hybrid Model (Fixed Price + T&M)

Project-based software development delivery and services with below pricing models:

Fixed Price (FP)

FP model offers customers a low-risk option. This model is used when the scope and requirements of the project are well defined and documented. The FP model provides for on-time, on-budget delivery of the project. Deliverables, costs, and deadlines are clearly spelled out.

The customer pays a fixed price for the complete project, the cost of which has been estimated based on the specifications provided by the customer. Within the frame of such projects, we use a phased approach that includes scoping, development, implementation, and support.

Time and Material Model (T&M)

The T&M model is an attractive option in cases when scope, specification, and implementation requirements cannot be clearly defined at the beginning of the project. Under this model, the customer pays the agreed hourly price for the efforts of the developers and project managers.

For this engagement model, Drushti builds project teams and provides equipment and infrastructure in accordance with project requirements. The model offers enough flexibility to balance team size and project workloads.

Hybrid Model (FP + T&M)

The hybrid model combines the FP and T&M models such that well-defined requirements are implemented based on the FP approach, and the requirements that were unknown at the beginning of the project or that come up during the initial phases are implemented subsequently based on the T&M pricing model.

This hybrid model allows both sides to mitigate their risks and provides more visibility into costs.