| Time and Material |
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Time and Material business model is developed for long-term projects, where the total effort cannot be estimated in advance and the scope of work can vary during the implementation. If compared with Fixed Price offer, which is ideal for projects with a detailed technical specification, Time and Material model is the best for scalable projects and provides you with a possibility to pay for RT-RK service in parts according to the payment schedule specified under the contract. After we sign a contract stipulating the team roles and their rates, we invoice you monthly or bi-weekly according to effort reports.This business model is highly efficient in case the project is hard to predict in terms of time and creative effort and in case the development process needs control and improvement upon each iteration. Thus, it allows for cancellation at virtually any stage of the development project. Software development project requirements tend to evolve during the course of implementation thereby necessitating additional or lesser resources. To facilitate such development, this model gives the flexibility of modulating your project team size, while optimizing on the time and costs.
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