Phone:
(647) 832-1316
Engagement Models
The Engagement Model at DataTale is based on the philosophy of technological excellence and perfection, which supports a long-term partnership with clients from different market niches.
Every model has its own set of benefits and drawbacks, and it is only useful in certain situations. However, in the IT business, the most common engagement models are: Fixed Cost and Time & Materials. We propose that you think about the specifics of your project and your company objectives before picking one of the engagement types. If you’re still undecided, you may get advice from our experts, who can assist you in selecting the most cost-effective model.
Some clients come to us with a basic project description, while others come to us with detailed project information. We are always willing to assist you, no matter what your needs are.
Engagement Models We Offer
We provide a variety of engagement models so that businesses and startups can choose the one that suits their needs.
Fixed Cost
If you’re an entrepreneur with a small or medium-sized project with well-defined objectives, the fixed price model is for you. Your project requirements, spec, and schedules can be fully established at the start of development under this model, which lowers your risk. A set price approach has the advantage of requiring minimal management on your part.
Advantages with Fixed Cost model:
- It reduces financial risk
- Client can invest their money precisely on the projects ROI
- Flexibility to outsource projects
- Better control over the IT cost
- Clear, well-defined and non-changing requirements
Time & Material
If you have a small project that requires minor changes, backup or restore crash or recovery, or if you wish to upgrade your software with new features and functionalities, the hourly price model, is the perfect solution. The overall cost is exactly proportionate to the time and resources required to complete the project under this paradigm.
Advantages with Time & Material model:
- Flexibility in Project Scope
- Responsive to Changes
- Transparent Cost Structure
- Optimized Resource Allocation
- Encourages Collaboration and Partnership