Time & Material

Time and materials (aka T&M) is a standard phrase in a contract for construction, product development or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractor's employees and subcontractors employees to perform the work, and for materials used in the construction (plus the contractor's mark up on the materials used), no matter how much work is required to complete construction. Time and Materials is generally used in projects in which it is not possible to accurately estimate the size of the project, or when it is expected that the project requirements would most likely change.^[1]

This is opposed to a fixed-price contract in which the owner agrees to pay the contractor a lump sum for fulfillment of the contract no matter what the contractors pay their employees, sub-contractors and suppliers.

Offshore Dedicated Cantre

Offshore Dedicated Development Centre (DDC) –
Setup & Operation – Built on “3S“

 

SETUP

• Understand customer requirement / problem statement
• Meetings, Analysis & Documentation

STABILIZE

• Expertize Mapping, Team Screening & Deployment
• Establish Communication & Delivery Processes

SUSTAIN

• Rigorous Testing/Quality Control
• Monitoring & Reporting

 

 

 

Increased Return On Investment (ROI)

 

 

 

We have extensive experience in ramping up high performance teams, which provide higher return versus every dollar invested

 

 

 

Lower Total Cost of Ownership (TCO)

 

 

 

Our overarching principle is to identify gaps in current usage and bring in technological and domain expertize to lower your IT budgets

 

 

 

 

 

 

Enhanced User Experience (UX)

 

 

 

Our solution experts have the ability to perceive systems holistically and map user expectations at both architectural and visual levels

Joint Venture

What is a Joint Venture and How Does It Work?

Co-Managed

Co-Managed IT Services

RSM's co-managed IT services is our customized solution for companies seeking a trusted partner to co-manage your IT department. Our co-managed IT services combines your existing in-house IT team with RSM professionals to create a single comprehensive, effective IT operation.

Transaction Based

Transaction Based Model

Fixed Price

• Fixed Cost Model

Fixed price project definition

A fixed cost pricing model is a model that guarantees a fixed budget for the project, regardless of the time and expense. The main advantage of a fixed price model is that it allows the client to plan and set an exact budget. Fixed cost pricing model approach is best suitable for projects with a strictly defined scope and requirements that won’t change. Any changes will require additional estimation and additional contract. So, one of the main requirements of using the fixed cost pricing model is to precisely define the scope and technical requirements up front.

The advantages of a fixed price model

• Precise and transparent requirements, and well-planned milestones
• Minimum customer supervision is required
• The price fixed project will be completed within established budget and terms
• Low risk for clients, that’s why a fixed price model works best for a small trial projects

Every aspect of the development process, project management, quality monitoring and assurance are on the service provider.

The pitfall of a fixed price contract is that if underestimated, the vendor may start managing costs and cut down expenses severely, which ultimately results in a poor-quality work.

Captive Centre

Why offshore captive centers partner with startups

Offshore captives are also increasingly partnering with startups to drive innovation in the areas of data integration, mobility solutions, big data analytics, cybersecurity, customer experience improvement and marketing solutions, according to Everest Group. “There is also early evidence of partnerships in process improvement and automation [such as] workflow tools and employee engagement platforms,” Dani says.

These engagements come in many varieties. Some in-house centers are setting up incubators or acquiring startups while others collaborate with startups on hackathons or open innovation initiatives. In certain instances, captive centers are working with startups as part of their relationship with an external IT service provider.

The benefits include faster speed to market, decreased cost of innovation, and brand enhancement that helps with captive center talent recruiting, according to Dani. Captive centers working with startups may also be laying a foundation for broader startup engagements with the parent company and facilitating internal cultural acceptance of increased agility and responsiveness, he says.