Time & Materials Model (Per Hour) is ideal when cooperating on the projects with incomplete requirements or the part-time projects.

Ideal For

 

  1. Projects with incomplete requirements combined with the Agile Approach
  2. Projects on maintenance (normally under SLA) upon the end of active development phase
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Benefits

 

  1. Minimal scope and well predictable budget
  2. Task implementation on demand
  3. Pay as you go, per hour

 

Limitations

 

  1. Highest rates (vs Fixed-price model)
  2. Minimal time block is 16 hours
  3. No guarantee for resource allocation in time