Andriy Tsebak
Your proficient tech partner to delegate your software woes 🧑💻| Co-Founder & BDM at NERDZ LAB
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Most software development companies suggest using the time and material software cooperation model. But what exactly does time and material mean?In this video, I briefly explain the `Time and material` pricing model and its pros and cons. At NERDZ LAB, each of the pricing models can be the right one for a certain kind of project. Contact me, and I’ll be happy to guide you through the possible pricing options and choose the one you’ll benefit from the most. #softwaredevelopment #pricingmodels #timematerial #softwaredevelopmentcompany #softwareoutsourcing #entrepreneurship #techstartup
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Transcript
Hi everyone. I'm Andrew and I'm business developer and cofounder of Nurse Lab. Most common models that usually is relevant for both for the startup founder and the for the technical vendor are 10 materials, fixed price and dedicated team or developer. Probably the most comfortable and flexible one is time material. Time material is when you as a client pays only for the amount of hours that the team or specific developer spent on your project during, for example, one month or three months of a development or design. What I like about this pricing model is that it's flexible, transparent. You can change the scope of work, you can add new features, you can request new service and transparency because you can check all the reports of ours that was spent on different tasks. You can track the activity of the developer as well. The only big thing here I believe is that you cannot predict the budget because uh, you pay only for amount of hours that developer report you can make changes. So it's you can predict it roughly, but you don't have a fixed fixed cost or the fixed budget that you will spend on the project.
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