Engagement Models

At Paradigm Solutions, we understand that our customers are different and that is why we offer various, flexible engagement models. Customers can select whichever model they feel would benefit their project - wheter it's commercial or time to market.

Some of the models we provide are:

Time and Materials (T&M)

This model is based on actual spend. Customers pay for the resources as they are utilised and and generally monitored through periodic timesheets or progress reports.Works best for: Extended Application Development teams working on new product development on a continuous basis.

Project Based or Fixed-Bid Model

Application Development is executed on a fixed-price fixed-time billing basis. This model has minimal risk to the customer.
Works best for: Projects with a well-defined scope of work, the fixed-bid model provides tight control on budgetary spend provided a proper change management process is in place.

Hybrid Model

A combination of T&M model (at the start of the project), followed by a fixed-bid model (when scope of work is finalized) provides the best of both of the T&M and Fixed-Bid models. Customers find it easier to take a decision on new product development initiatives when presented with this option.

Build-Operate-Transfer (BOT)

Paradigm Solutions also works on the BOT model on a case by case basis whereby the customer agrees on the transfer pricing model and other commercial terms for a BOT engagement. This model allows the customer to absorb the team, and in some cases the infrastructure as well, after certain duration of the product development engagement.

Revenue Share/ Incubator Model

Paradigm Solutions can share business risks with the customer by working on a revenue share model. We take up these projects on a select basis after conducting due diligence. The customer pays for a % of costs up-front and shares a % of future new product revenues with Paradigm Solutions.