time and material model

The time-and-material model is a flexible pricing strategy where charges are based on the actual time spent and materials used in a project. It’s often used when project requirements are uncertain.

What are the key benefits of the time & material model?

The time & material model offers several key benefits, including flexibility, transparency, and cost-effectiveness. This model allows for adaptability to…

1 year ago

How is billing structured in a time & material model?

In a time & material model, billing is structured based on the actual time and resources utilized to complete a…

1 year ago

When is the time & material model the most suitable choice?

The time & material model is a popular choice in software development projects when the project scope is not well-defined…

1 year ago