Commercial Engagement Models
This is most appropriate for projects where the tasks are to be done on a day-to-day basis or where the specifications keep changing constantly. Through such dedicated facilities, Pratham Software (PSI) offers the best team, infrastructural facilities, work flexibility and time-to-market advantage to the customers and most importantly adhering to the necessary norms to protect the Intellectual Property Rights (IPR) of the customers.
Time & Material Basis:
Here the project cost is a function of the total project execution time and the corresponding resources deployed. This engagement model is particularly useful in context of those projects which are quite complex and are prone to frequent specification and design changes. It provides greater flexibility to the customer in terms of developing the project specification and modifying the same as per the changing market needs.
Turnkey or Fixed Cost Basis:
This is most suitable when project requirements along with its scope and specifications are clear and unlikely to change much. This is comparatively a low risk option. We offer project based pricing in the domains of our expertise wherein you get the best of the resources. Our process based optimization ensures reliability, predictability and optimized performance.
This option works best for customers who are concerned about progress in remote projects and especially for those who are outsourcing for the first time. Milestone-based payment schedules reinforce progress monitoring, as it helps in justifying payments based on milestone achievement.
Build-Operate-Transfer (BOT) Model:
Under this model, infrastructural facilities, team and other resources are assigned dedicatedly to the customer like an extended facility. It is staffed on a dedicated or on a hybrid basis. The staff can comprise Pratham Software (PSI) resources, customer’s resources, resources hired specifically for engagement or a mix of all.
Benefits with this:
- Faster Time to Market
- Lower Establishment Costs
- Risk Reduction
- Process Expertise
- Option of owning the facility at a later date
Revenue Sharing Model:
This engagement model allows both the parties to work to the best of their capabilities and ensure they reap benefits from the end product. It not only gives them safety of distributing both profits and losses but also gives a sense of belonging and existence as a single entity.
Equity Sharing Model:
The model requires a product, multiple owners, and blends them to maximize profit. The model works best when two individuals or organizations work on a product and split profits. This strengthens the tie up until any one partner decides to buy the whole share. Equity sharing is also known as shared ownership.