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Constantly changing business environment is increasing the complexities of various business processes. The topmost thrust areas in the business relationship are adhering to a flexible business model. Traditional business models are no more applicable to the present working environment.
An engagement model should cater well to the needs of both the client and the development company. We recommend only the right business model to the client. The client can choose from the below-mentioned engagement models or a mix of these:
For businesses that have well-defined goals and project schedules, fixed price engagement model is the best bet. Under this business model, a fixed price is negotiated between the client and the development company. The fixed cost of the project is linked with predetermined deliverables.
When it is difficult to specify the scope, specification and implementation for the development of a project, time and material engagement model is the most attractive option. Under this business model, all the activities are monitored on an hourly basis. And the client is charged according to the predefined hourly rate.
With this model, you can access a pool of multi-disciplinary and professional resources that are organized and managed by the World Web. These resources are employed in such a way that they meet the business objectives of our clients. This business model is usually used for the projects of long-term partnerships with a significant amount of work.