8 reasons to choose Time and Material for Your Software Project
Summary
Based on our experience creating web and mobile apps, we use a time and material model instead of charging a flat rate like many other software houses. Even if it seems counterintuitive, the time and material model is far more effective than flat fees. Time and material agreement is great for when the quantity and scope of work is difficult to determine or when you expect design requirements to change in the middle. In a time and material agreement, the client agrees to pay the contractor and their subcontractors based on the man-hours they devote multiplied by a fixed rate. At first glance, you may think that a fixed price would be safer for a business owner, but nothing is as straightforward in outsourcing software development.
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