Engagement Model
Based on your immediate or long term objectives, we can tailor the engagement model.
What are your objectives? What is your strategy? Novaya offers multiple engagement models to meet diverse needs of global clients. You can choose from any one the generally accepted outsourcing engagement models below or a combination of them for different phases of your project. We can also work with you to customize a model to address your specific need.
Effort based Pricing or Time & Material
- In the Effort based pricing model, the undertaking cost is an element of the total project execution time and the corresponding resources conveyed.
- This engagement model is especially useful in contexts where the projects are very intricate and are inclined to specification and design changes midstream.
- This model gives client greater flexibility in terms of developing the project specification on an ongoing basis and modifying the specifications based on the changing market needs.
Milestone-based Billing
This alternative works for Clients who are worried about advancement in remote activities, milestones-based payment schedules reinforce progress monitoring. It helps installment dependent on reachable achievement and noticeable progress reduces risks.
Dedicated Development Facility or Retainer
A Dedicated facility is an extension of the client's very own engineering/development center. Through such Dedicated facilities, we offer the best ranges of abilities, assets, adaptability and time-to-advertise preferences to the clients, taking every single fundamental exertion to ensure the Intellectual Property Rights (IPR) of the clients. All rights to the IPR created in the Development Facility vests with the client. The Dedicated Facility likewise gives a financially savvy answer for clients needing persistent seaward help. For such committed connections, we likewise execute client explicit quality/process systems and groups are prepared for the explicit needs of a Client. The assets are paid on a retainer premise.
Build-Operate-Transfer (BOT) Model
In the Build-Operate-Transfer Model, Novaya dispatches a devoted facility for the customer. This facility resembles an expansion of the customer's own facility. The devoted facility use Novaya's specialized foundation, procedures and execution abilities. The devoted facility is staffed either by existing Novaya's resources or by Client's resources or by resources enlisted explicitly for commitment or a blend of all. Novaya has a very much characterized component for the smooth progress of the facility to the customer.
Project based pricing or Fixed bid
- A low risk option, which you can choose when the scope and specifications for the projects are reasonably clear.
- We offer Project based pricing in domains wherein we have the expertise and also have well defined estimation tools to determine the resource commitments.
- Our process optimization ensures reliability, predictability and optimized performance of the projects to deliver on time, on budget, n target.
Get in touch with us
Either by phone or e-mail we would love to answer any questions you may have.