Business models

Our pricing and business models combine the accepted models and innovative strategies. The most common approaches are the Fixed Price Model and T&M. In addition to them, we have also worked out two additional models, which combine the above two models in varying degrees. The choice of the business model is generally agreed upon after close consultation with the client. If the client doesn’t have a preference of their own, it is generally worked out by our consultants after a careful scrutiny. The list of business models that we work on are as follows:

• Fixed Price Model
• Time and Material Model
• Committed Resource based Model

Fixed Price Model

The Fixed Price Model is feasible for a project when the system requirements are close-ended and clearly stated. The cost of the project is calculated beforehand and is quoted to the client. The subsequent execution of the project is completed within the stated budget. This is a low-risk option, wherein the deliverables, costs and timelines are pre-determined. In case of any change in scope, a consensus is sought with the client on a fixed hourly rate.

Time and Material Model

This is ideal for clients who want a greater role in the project execution. Under this method, the pricing is based upon the man hours spent on a project. This model is recommended for projects where scope, specifications and implementation plans are not clearly defined. The project execution method is determined after a mutual consensus between us and the client. Through our project management and reporting method, we ensure that the exact hours spent on the project are reported accurately and transparently.

Committed Resource-based Model

This model is mainly suited to software product development, existing overseas software development houses, dynamically changing scope requirements projects, dedicated creative or other resource requirements for the long-term. It is also adopted for clients who look at a long term association with us.

In this model, ECLIPS Technologies will commit and reserve the resources to work dedicatedly on your project or be the part of your development team or to establish your offshore development centre.

For clients wishing to have their software product developed or scope changing project under our dedicated and highly skilled resources, we do all starting from SRS to deployment of self installable application or self serving portal. Once we finish the product (project) we then work out dedicated technical support to support the product’s ongoing upgrades.

For companies and clients who wish to associate with us long term or wanting their offshore development team/house, we partner with them to invest in replicating their IT environments, training our teams, setting up communication and security systems, and integrating our development processes with theirs to ensure that the offshore team is an efficient and seamless extension of the their development facilities. ECLIPS Technologies also invest in establishing additional resources that can be used to adjust the team at any time. In this scenario we identify and define the team along with client and maintain transparency, access, and control of the team with client where the dedicated team works as extension of client’s development team.

If you have any question regarding our business models, please feel free to contact us.