Business Models

Fixed Price Approach

In many projects, the requirements are clearly defined at the onset of the project itself. In this case, the fixed price approach is the right model to go ahead with First Point IT quotes a fixed price within which the project execution is carried out. There is a very low risk involved in the project, as we provide an assurance that the project will be completed within the budget limits and the time-frame specified by the client.

The costs that are involved is explained to the client and what they can expect at the delivery of the project. In case there are changes in the project later, the client is charged a pre-negotiated price. This method is most suitable for individual clients who are the end users of the project themselves. This method works best when the clients have closely specified projects that require minimum intervention from the clients team.

Time and Material Approach

In many cases, the client is not sure about the project specifications in the first place. In addition, it can be difficult to determine the scope and specifications of the project in the initial phase. In this case, the First Point IT team suggests the time and material approach. In view of that, the client is charged according to the man hours that are utilized for the project.

Later, when the scope and project specifications become concrete, then the fixed price can be adopted. While implementing the time and material approach, we thoroughly ensure complete transparency about the hours that we dedicate to your project. This approach is more suitable for small to medium scale companies where the project requirements become crystallized over a period of time.

Offshore Hire Approach

This method works best when the client is overseas or the project required is for development centre abroad. This method suits best for customers who are looking at long-term benefits from offshore outsourcing. Under this method, we reserve our infrastructure and resources exclusively for the client.

The client can hire dedicated resources according to the plan he chooses. These are normally three months, six months, one-year contracts or those for a longer duration if the project warrants. We jointly identify the teams that the customer wants to utilize.

This model allows the functioning of this offshore team just as seamless and efficient extension of the clients own environment. The client has full access to transparency and control over the team. We set up the development, computing and security environment as if it were the clients own development centre working offshore on a dedicated basis.