IT Outsourcing Models and Types of Outsourcing Contracts
Choosing between various types of contracts in software project management is everything in engagement with the offshore software development company. Depending on the selected outsourcing model you can expect some variations in the payment terms, work progress reporting, your ability to manage the dedicated development team directly, etc.
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First of all, we need to define what are the usual suspects when talking about the various offshore development models and outsourcing contract types.
Types of IT outsourcing:
- Time and material model
- Fixed-price contracts
- Dedicated development teams or resources
- Offshore development center
Saying that each of these IT outsourcing contracts variation has its own pros and cons would a whopping cliche. Those models are simply designed for different types of engagements. Each one or two of them fit some specific selection criteria. There are no trade-offs when you need to choose the right IT outsourcing model. Only the wrong and the right choice. In general, software development outsourcing models are not the packages of the same service. You can get some perks by paying extra but still get the same base offering. Make the wrong choice, and the whole collaboration with the services provider will be ruined and you’ll need to start from scratch.
Luckily for everyone, it is pretty simple to make a conscious choice if you see the whole picture. This article is going to help you with that. Below we are going to explore frequently used types of the outsourcing contracts and the typical projects they are fit in.
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After years of outsourcing services market Existek has chosen the time and material model for the projects with the clear goal and dedicated development model for the projects where the long-term day-to-day collaboration with the client is a must. We believe that those two approaches give our partners the best value out of outsourcing. We hope that this article will help you to decide which outsourcing type is the best for you.
The experienced service provider will always analyze your requirements during the very first conversation and give an advice on which collaboration model will fit your particular business case. Or you can leave it to the experts, fill in the form at a contact page, send us an email, or start the discussion in the chat widget on the right and we will be glad to provide you with the free consultation. EXISTEK is an offshore software development company that provide a range of services. All-out technology expertise, including the provision of Flutter application development services, .NET development, Java development, web development, etc.
