NISHTA SOLUTIONS offers multiple engagement models to meet diverse needs of 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.
- Project based pricing or Fixed bid
- Effort based pricing or Time & Material
- Milestone based billing
- Dedicated Development Facility or Retainer
- Build-Operate-Transfer (BOT) Model
All the engagement models are cohesively embedded in our services portfolio and you can use any of them for best value services.
PROJECT BASED PRICING OR FIXED BID
Most suitable when project requirements are clear along with its scope and specifications. This is comparably a low risk option.We offer you project based pricing in the domains of our expertise wherein you get the best of the dedicated resources, and most importantly the best team.Our process based optimization ensures reliability, predictability and optimized performance of the projects to deliver on time, on budget, on target.
EFFORT BASED PRICING OR TIME & MATERIAL
In the Effort based pricing model, the project cost is a function of the total project execution time and the corresponding resources deployed.This engagement model is particularly useful in contexts where the projects are quite complex and are prone to specification and design changes midstream.This model gives customer greater flexibility in terms of developing the project specification, on the fly basis and modifying the specifications based on the changing market needs.
This option works for Clients who are concerned about progress in remote projects and specially for those who are outsourcing first time. Milestones-based payment schedules reinforce progress monitoring. It helps justify payment based on achievable milestone and visible progress reduces risks.
DEDICATED OFFSHORE DEVELOPMENT FACILITY OR RETAINER
A Dedicated facility is an extension of the customer’s own engineering or software development center. Through such dedicated facilities, NISHTA SOLUTIONS offers the best team, infrastructural facilities, work flexibility and time-to-market advantages to the customers, and most importantly adhering to the necessary norms to protect the Intellectual Property Rights (IPR) of the customers. The Dedicated ODC facility is best suited to customers seeking continual offshore support on long term basis. For such dedicated relationships, NISHTA SOLUTIONS can also offer customized, quality/process frameworks and teams are trained for the specific needs of a client. The resources can be paid on a retainer basis.
BUILD-OPERATE-TRANSFER (BOT) MODEL
Under this model, infrastructural facilities, team, and other resources are assigned dedicatedly for the customer. This facility is like an extension of the client’s own facility. The dedicated facility is staffed on a dedicated or on a hybrid basis. Like, either by existing NISHTA SOLUTIONS’s resources or by Client’s resources or by resources hired specifically for engagement or a mix of them all. NISHTA SOLUTIONS offers well-defined mechanism for the smooth transition of the facility to the client. Clients see the following benefits by working with this model:
- Faster Time to Market
- Lower Establishment Costs
- Risk Reduction
- Process Expertise
- Option of owning the facility