We offer multiple engagement
models to meet diverse needs of our global clients. You
can choose from any one the generally accepted models
below or a combination of them for different phases of
your project. We can work with you to customize a model
to address your specific need.
- Effort based pricing or Time & Material
- Milestone based billing
- Dedicated Development Facility or Retainer
- Build-Operate-Transfer (BOT) Model
- Project based pricing or Fixed bid
Any of these pricing models can be applied to our range
of services in resourceful ways for convenience and best
value for money.
Effort based pricing or Time & Material
In this model, the project cost is a
function of the total project execution time and the corresponding
resources deployed. This model is useful in contexts where
the projects are quite complex and are prone to specification
and design changes during the development.
This model gives you greater flexibility
in terms of developing the project specification on an
ongoing basis and modifying the specifications based on
the changing market needs.
This model works for you if you are concerned
about progress in remote projects, milestones-based payment
schedules reinforce progress monitoring. It helps justify
payment based on achievable milestone and visible progress
Dedicated Development Facility or Offshore Staffing
You have the option of getting qualified
and experienced personnel to suit your requirements. They
work exclusively for you from our offices.
Through such Dedicated facilities, we
offer the best skill sets, resources, flexibility and
time-to-market advantages to you. We take all necessary
efforts to protect the Intellectual Property Rights (IPR)
of the customers. All rights to the IPR developed in the
Development Facility is with you. It provides a cost effective
solution if you require continuous offshore support. We
implement specific quality/process frameworks as per your
requirements. The teams are trained to meet your specifications.
The resources are paid on a retainer basis.
Project based pricing or Fixed bid
A low risk option, which you can choose
when the scope and specifications for the projects are
reasonably clear. We offer Project based pricing in domains
wherein we have well defined estimation tools to determine
the resource commitments.
Our process optimization ensures reliability,
predictability and optimized performance of the projects
to deliver on time, on budget, on target.
How and Where to Pay:
We will provide the information so that you can wire payments
to our bank or mail a check to our bank. Wiring is the
normal means by which most businesses make their payments.
International Monetary Conversions: Money
transferred into an American bank must be converted into
the correct dollar amount agreed upon. (Fluctuating exchange
rates can result in a deficit in the amount transferred.)
Invoice Schedule: We send invoices by
e-mail on or near the 1st and 15th of each month.
Payment Schedule: Payments must be made
within three days of receiving the e-mail invoice.
Hourly Rates: Some projects are billed
by the hour. We expect payment at the end of a billing
period rather than at the end of a phase of work.
A typical bank transfer from the US: We have
bank accounts with ICICI bank that has account with Chase
Manhattan Bank, New York. When a US client transfers funds
from his bank, it does not get transferred directly to
our bank in India. Funds first get transferred to the
Indian bank account (held with Chase Manhattan, New York)
and further gets transferred to our bank.