Time & Material (T&M) model is suitable for medium and large projects where clients don’t have full requirements list, requirements change often or project scope is not yet fully known. Ongoing projects that are at testing or bug fixing stage and projects that require maintenance or support are also suitable for T&M.
According to this model we do estimate of those parts of the project that can be estimated. All non-estimated parts we keep in a separate list and we attempt to have Rough Order of Magnitude Estimate.
The Fixed price cooperation model is suitable for small projects, MVP (minimum viable product) or startups that have a well-defined timeline and requirements.
We estimate the time and budget required to deliver a project before the development starts and handle all the management tasks.
Dedicated Team is a business model where a team fully concentrates only on projects for one company at a time.
Client has full management control over the project and team. The team usually works from the services provider office.