SoftTechnics` delivery models

Fixed price model

Our fixed time, fixed price model offers customers a low-risk option and can be employed when the scope and specifications of the project are reasonably clear and documented. This model guarantees on-time, on-budget delivery of projects. Deliverables, Costs and Timelines are clearly defined in the Fixed Time/Fixed Price model. In fixed time, fixed-price engagements.
SoftTechnics follows a phased approach that includes scoping, development, implementation and business support. Combining the fixed time, fixed price model with our solutions center, we can offer customers a tremendous advantage on the cost front.
This model works best for - Customers with well-defined requirements and project schedules. Under this option, the customer pays a pre-negotiated fixed price for the complete project, which in turn is linked to well-defined deliverables. For any change in scope a predefined fixed hourly rate agreed at the initial stage of start of project is paid. For any changes there is a standard change request procedure that is followed for which we have structured processes in place.

Time and material model

When scope, specification and implementation plans of a software development project are not easy to define at the outset, Time & Material Model becomes an attractive option. Under this model, you pay as per use of the hourly development efforts. Under this mode we define the business model and work hand in hand with our client for execution of end-to-end project. At times once the scope is frozen the time and material project also gets converted to the fixed price model. We have very strict project management and reporting practices whereby task sheets are generated on a daily / weekly basis for each of the developer on the project.

Hybrid model

Very often it becomes necessary to undertake a major portion of a project on a Fixed Price basis and at the same time deploy resources on a Time and Materials Pricing basis. We call this the hybrid model. Adopting such a model enables the client to maximize their budgets without compromising any aspect of the project itself.
Needless to mention here that this model too can be Offsite, Offshore or any combination of the same.
This model is used when client wishes to work on fixed price model and when the project scope is not detailed enough to enable us to estimate the effort with accuracy.

Offshore development center

An Offshore Development Center, which is an extension of the customer's software engineering facility, is popular among customers, who are looking at long-term gains from offshore outsourcing.
In this model SoftTechncis reserves resources, equipment and infrastructure, exclusively for the customer. Whilst such a model is normally for a predetermined minimal period of time, it allows the client to leverage the talent pool of SoftTechnics, the cost effectiveness of such an offering and the superiority of our Project Management.