Now that you know what these two pricing models are all about, let’s take a closer look at their respective advantages and potential drawbacks for outsourcing software development.
You save time on the initial estimation
The Time and Materials model will help you saudi arabia whatsapp save time on the process of defining the initial estimations of your product. Instead of investing time into writing detailed product specifications, you can start working on your product sooner and accelerate its time-to-market.
Flexible scope & changes
The Time and Materials model allows for greater flexibility in terms of the project’s scope. Even if you start your project without a definitive plan for how it will be completed, this pricing model allows you to progress the project and quickly respond to changes on the market.
Once you release your MVP and gather user feedback, working in the model will allow you to flexibly change the project’s scope on the basis of the insights you acquire.
Transparent development process
This model also provides you with full cost and project progress transparency. As an engaged Product Owner, you’ll know what team is up to and can verify documents such as invoices and timesheets to make sure that the calculations are correct. A professional software development company will share this documentation with you, and it won’t have you guessing where your money is flowing.