In this model, clients are charged on the basis of time spent by our resources and pre-approved additional expenses incurred for the project.
This model is suitable for projects where specifications have not yet been clearly defined at the beginning of the project. In this model, clients are at liberty to change specifications while the project is still in progress.
In cases where rough requirement specifications are available, we’d provide ballpark effort estimates, project timeline, material/resource estimates. This helps our clients in budgeting and deciding on their finance.