The most important relationship for a company is to the client. Hopefully, the relationship is one that can be expected to last and have long-term benefits for both parties. The main goal of a company will be to maintain a trustworthy and flexible relation with the client. To make that a reality, every company should adopt a better business model.
A business model is an agreement signed between a client and an IT company. It effectively defines the methodology, terms, delivery time, price and more. According to the requirements, there are typically 2 major models commonly used among the different models available. Refer to the comparison study below to familiarize yourself with the best model suitable for clients and the company.
T&M Model ( Time and Material Model )
The Time and Material Model (T&M Model)is chosen for long term projects. Varying workloads, the undefined scope of work and dynamically changing requirements are the attributes of this model. In the first stage, due to lack of proper data there won’t be a proper estimation. In this model, clients have a large possibility to be flexible and in between the project, he/she can change the requirements as per the need. In the end, this model will likely give the client more control over the project.
The variation in the requirement will also affect the time period, developer’s workloads and more. Continuous optimization of the time and cost is a necessary factor in this model.
Major Takeaways
- No assurance regarding project completion time
- The cost of the project would vary from the first stage to last stage
- Client control would affect the time and human resource
- Flexible budget and low risk at both ends for low size projects
Dedicated Team Model:
Dedicated teams will be concentrating on dedicated work, therefore, companies will be more professional in these services. Better service and dedication means the company will maintain the level of service to the client more efficiently. This will help the client to have expert IT professionals, necessary equipment, and resources for his requirements.
A dedicated model will also help maintain the cost and time to a specific amount. Single sum payments and estimated time limits will enhance efficiency. Dedicated models will be client-oriented as they will have full control over the project management. In fact, dedicated teams will work for the company goal.
Major Takeaways
- Long term and frequently changing requirements will have a better solution
- Budget estimation is perfect but scope and workloads may vary along with the project
- Whole team will have a clear idea about the final goal and the client will have the upper pensive control over the team.
- Best model for mid and big size projects
From the above comparisons, we can understand how a Dedicated model rules over the Time and Material model (T&M Model) for long term projects and for large projects. Those who would like to begin a large project go for companies that follow Dedicated Models. This would give you an efficient completion of work.
What is the cost to hire a dedicated programmer?
This depends on the intensity of the project, and the experience required. However, we assure to provide you with the best solution that suits your budget, sure to add up to huge savings compared to typical programming resources!
Which type of projects can you work on?
Our programmers can implement web software development projects including Creating web applications from scratch, maintaining and modifying current websites, creating custom-designed websites, modifying existing proprietary applications, customizing open source applications, database-driven websites, intranet productivity applications, social networking sites, eCommerce, billing systems, custom applications, shopping carts, Content Management Systems (CMS), mobile apps and much more.
Do you have a portfolio or list of previous clients?
Of course!
For more information or questions related to our work, previous clients and how you can take advantage of our services, contact us at (312) 423-6728 or get a quote for your project.
