Time and Materials
The Time and Materials (T&M) is a type of an IT outsourcing model of cooperation that is based on the time/price ratio. Collaborating under the T&M model entails the pre-defined payments to a software development company like HebronSoft for the given number of work hours spent per month on your project. This monthly pricing totally depends on the agreed upon rates, which in turn are specified by individual skill sets and seniority levels of software developers, business analytics, designers, and other specialists involved.
Together with HebronSoft you can specify what your needs are, so to be charged only for the exact amount of time spent and the resources (materials) allocated to your IT project within the one-month period.
This engagement model gives you as our customer much elbow room for project management. You can easily schedule, track, and approve all the clocked hours for every and each outsourced specialist. If your software development project needs some scaling up, you can always ask for any amount of extra hours.
The Time and Materials model provides more control over the IT project. With this, it presumes taking more responsibility for the risks of your software development workflow. HebronSoft helps you stay within your budget while letting you play a major role in the software product development process.
When to choose the Time and Materials model
Selecting the T&M model is certainly worthwhile if your business expectations are as follows:
- Your IT project is set for a long-term collaboration
- Flexibility is your business priority
- Technical requirements are changeable
- The scope of work may scale up
- Software development flow is transparent and manageable
- Full control over the total budget cost is needed
What the Time and Material model involves
As the name implies, working under the Time and Materials model is as simple as that. HebronSoft provides you with a full range of software developers to have all your project needs covered. Since the T&M model presupposes continuous collaboration with an ongoing payment basis, we ensure your individual billing schedule is well-reasoned and transparent. A regular payment scheme may be tailored to meet your business preferences. Here at HebronSoft, we hold full responsibility for staffing the right team members with strong regard to the seniority level you specify. No first-timers, only seasoned professionals with extensive expertise in the field required.
Time and Material model : Process Stages
Scrutinize your requirements
Define a scope of your project
Determine the specific talent pool needed
Agree on the rates, sign a contract
Assign a hand-picked team
Start an agile software development process
Benefits of the Time and Material model
When the scope of work is not clearly defined, opting for the T&M model of cooperation is really a wise choice. With HebronSoft as your reliable partner, you enjoy the following advantages:
- A flexible pay-as-you-go model of cooperation
- Great for a project with changeable tech requirements
- Smooth scalability of dynamic work scope
- Full involvement into software development process
- Transparent performance data based on regular reports
- Agile-driven product development and deployment backed by multiple iterations and testing
Our Customers’ Results
Increase in Sales of Customers’ Products
Increase in Online Donations for NGOs
Ratings from Clients’ Satisfaction
Decrease in Headcount