Fixed Price Model
With Fixed price model, projects can flourish and even move towards excellence. The dynamic of fixed model works best for projects that are on a tight budget and have clear requirements at the start of the project.
Projects that have budget constraints and no urgency at stake can easily choose a fixed price model for their projects. Fixed priced model also offers peace of mind and timely delivery of the product, so that it strikes the market at the right time. Clients with pre-defined requirements and clear vision should choose a fixed price model. This model is fine-tuned for smaller projects, where the client has direct control over the project from the inception to the implementation.
At Aligned Management, the clients are always the front-runner and we provide all the vital statistics about the project in a timely manner. With this model, the clients can enjoy the overall delivery of the product with no worries of over-paying.
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everything in a single product package.
Time & Material Price ModelNot every project has already pre-made specification and going for a fixed price model is dangerous for the client and the service provider. The right model for any project where both specifications and time competition is not clear is Time and Material Price Model.
The model revolves around the idea of pay per hour model and is based on the payments according to work done. For projects that are complex and specifications are not clear, this type of model fits best and returns are always high and no risk of failures. The most benefitted projects are the complex projects or projects with a very high budget.
All the transactions are transparent and all information is presented in a well-structured way and creates a strong connection between the team and the client. The client also needs to pay for the work that has been done. Furthermore, the client can either redirect resources to other critical processes or choose to cut down resources to a particular part of the project that need necessary attention.