Time and material engagement model in software development

Time And Material Contract

Keep pace with evolving technologies, chose our flexible and dynamic milestone billing engagement model.

Engagement Model

Finoit’s Time and Material engagement model lets clients play active role during the entire project development process. Alongside, it also helps them to keep pace with the emerging technologies. It is flexible, dynamic and is best suited for projects that are:

  • Difficult to estimate in terms of specification, scope of work and implementation
  • Complicated but hold high potential for growth in the better future
  • Prone to modification during the development phases

It is often referred to as hourly based model as it asks one to pay a fixed amount for our services on hourly basis, which is settled at the time of contract signing. The engagement model also enables clients’ to incorporate changes in project requirements depending on various parameters. Prominent of these factors may include:

  • Upcoming market trends
  • Modification in team size
  • Software/hardware requirements


Our time and material engagement model assures you numerous advantages, such as:

  • Apt for IT solutions that demand extensive research and development
  • Easy to accommodate and adjust resources as per the evolving requirements
  • Urges you to pay only for the work done
  • Updated progress report about the project on regular basis
  • Flexible engagement model to meet the specific client requirements

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