An evaluation is done on the basis of work to be done, resources required, estimated time span and accordingly cost estimation is done.
Best suited for companies that like to outsource work from time to time.
Projects are small
When it is easy to predetermine the work to be done, resources required and time span required.
It offers flexibility to the project and allows scope for revision and new additions.
Costing: per hour basis for the resources dedicated to that project.
Best suited for projects that are complex
Where the resource requirement and time span cannot be predetermined.
costing-per hourly basis +share of profit
Best suited to companies that are new and not having enough capital to stake.
Companies willing to share risk.
Clients would be provided with a supplement team that would be dedicated exclusively to the client's requirements.
costing-per hourly basis
Best suited for the clients that require technology that is not their expertise.
Suited for long term and complex projects.