Business Model

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We be certain of well-organized tactic to pricing and hence ensue only the valid approach and procedures. That helps us in being able to advise only the accurate business model to the customer. In order with the customer’s idiosyncratic requirements, we suggest one of the following business models:

Time & Materials Approach

In selected cases, where the client is uncertain of the project specifications, it can be difficult to define the project parameters during the first phase of development. In such circumstances, the Weingenious Technocrats team advises to adopt the time and material model, in which charges are incurred according to the staff hours employed on the project.

Then, when the scope and project specifications are clearly defined, the fixed price model can be chosen. While executing the time and material model, we guarantee complete transparency concerning the hours devoted to the client’s project. This method is generally more appropriate for small - medium scale businesses where the project requirements emerge over a period of time.

Fixed Price Approach

In many projects, the requirement is precisely determined from the start. Thus, there is minimal risk, enabling us to guarantee that the project will be completed within the budget limits and time-frame stated by the client. In such circumstances, we work with our clients to match their expectations against a mutually agreed fixed price.

Should the project specification be amended during the development phase, the client will be provided with a supplementary estimate of cost for their agreement prior to completion of the amended specification.-This approach works finest when the client has meticulously specified projects that involve minimum interruption from the customer’s team.

Offshore (Dedicated) Hire Approach

This model is best suited to those clients requiring management of resources locally in the monitoring of process development. This methodology is best suited to clients who are considering the long-term benefits of offshore outsourcing. This structure allows clients to choose a dedicated team of developers to work on projects and supervise their progress remotely.

The client can hire dedicated resources affording to their requirements - usually for 3, 6 or 12 months, or for a longer period if required. We mutually recognize the team that the client wishes to employ.

    Use of dedicated professional model

  • Choice of developer team
  • Remotely supervise progress
  • Periodic updates
  • Fast implementation of modifications/changes
  • Clear communication
  • Cost optimization
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Project Base

  • Fixed based on milestones.
Best When
  • Requirements are very clear.
  • Team’s capabilities are known well.
  • Agile possible including if client is fully involved in the development process.
  • Maximum cost savings conceivable as duty is on top of us to deliver in-time on-budget.

Resource-based Engagement

  • Hourly cost or daily rates based on type of resource/team is engaged.
Best When
  • Want to extend your team with additional resources.
  • Uncertain of exact requirements.
  • Starting off for the first time.
  • We could also offer combined rates based on predetermined conditions so smoothen the billing.
  • Boundless way to flinch with us.

Partnership Engagement

  • Pre-defined hourly rate + Share of profits earned.
Best When
  • We can also offer combined rates based on predetermined conditions so smoothen the billing.
  • Boundless way to flinch with us.
  • Excellent combination of your domain knowledge and our technology skills to form a win-win partnership.
  • Shared IP.

Talk to our team to figure out which model is right for your current needs. We offer you our honest opinion based on our experience