Yaksha Informatics 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.
- Effort based pricing or Time & Material
- Milestone based billing
- Dedicated Development Facility or Retainer
- Build-Operate-Transfer (BOT) Model
- Project based pricing or Fixed bid
Any of
these pricing models can be applied to our suite of
services in ingenious ways for convenience and best
value for money.
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 an
ongoing basis and modifying the specifications based
on the changing market needs.
Milestone-based
Billing
This option works for Clients
who are concerned about progress in remote projects,
milestones-based payment schedules reinforce progress
monitoring. It helps justify payment based on achievable
milestone and visible progress reduces risks.
Dedicated Development
Facility or Retainer
A Dedicated
facility is an extension of the customer's own
engineering/development center. Through such Dedicated
facilities, we offer the best skill sets, resources,
flexibility and time-to-market advantages to the
customers, taking all necessary efforts to protect the
Intellectual Property Rights (IPR) of the customers. All
rights to the IPR developed in the Development Facility
vests with the customer. The Dedicated Facility also
provides a cost effective solution to customers
requiring continuous offshore support. For such
dedicated relationships, we also implement customer
specific quality/process frameworks and teams are
trained for the specific needs of a Client. The
resources are paid on a retainer basis.
Build-Operate-Transfer (BOT)
Model
In the Build-Operate-Transfer
Model, Yaksha Informatics launches a dedicated facility for the
client. This facility is like an extension of the
client's own facility. The dedicated facility leverages
Yaksha Informatics technical infrastructure, processes and
execution capabilities. The dedicated facility is
staffed either by existing Yaksha Informatics resources or by
Client's resources or by resources hired specifically
for engagement or a mix of them all. Yaksha Informatics has a
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
- Flexibility
- Process Expertise
- Option of owning the facility
Project based pricing or Fixed
bid
- A low risk option, which you can choose when the
scope and specifications for the projects are
reasonably clear.
- We offer Project based pricing in domains wherein
we have the expertise and also have well defined
estimation tools to determine the resource
commitments.
- Our process optimization ensures reliability,
predictability and optimized performance of the
projects to deliver on time, on budget, on target.
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