Now that you understand how hiring dedicated developers is beneficial for your company in terms of its importance & taking their interviews successfully. Next, you must take your final decision to hire a programmer in India. Just a step before that, you must also learn about different types of engagement models in the process. It helps to utilize your resources and budget wisely. So, the thing is that Indian programmers for hire or the development team offer some specific engagement models that you can choose from for your product. And the final billing is done accordingly. Let us first understand what these engagement models are.
Any business’s success journey begins with hiring the right developers with the right engagement model. However, these engagement models depend on various parameters like the size of the product, the concept, the time duration, and strategy. So, both the parties should agree to an optimal IT engagement model for mutual benefit.
Significantly, the IT engagement model describes the nature of collaboration between a business looking to hire developer from India and the other party. It could be an outsourcing company for letting its employees provide service or even the freelancers during the project development. So, the engagement model lays down the way or method by which the service providers are engaged in the client’s project, their areas of responsibility, management issues, payment terms, project deadlines, etc.
It is crucial to always remember that in software development, there is no one size fits all kind of solution or engagement model. And you have to make a choice among the given options that best suits your requirements. It largely depends on the features of the project and the client’s software development partnership preferences.
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Here is a list of some of the most famous engagement models with their advantages and disadvantages for your better understanding.
Fixed Price Model
Fixed price contracts or fixed-price models usually have strict terms and conditions laid down before the deal is done. Both parties agree to an estimate of what kind of work is to be done, the exact time frame of the project, and a predetermined budget. Therefore, as the name suggests a fixed price model, almost everything is finalized and fixed beforehand.
Once into the deal or contract, both the parties, i.e. the service provider as well as the business owner will have to abide by the terms and conditions laid in the contract. Both the scope of the project as well as the price fixed for the service remains unchanged throughout the development process. Neither party can change the terms mentioned in the contract.
For adding any extra work or changing the fixed price, both parties should enter into a fresh agreement. And only if both the parties accept the changes proposed by each other. So, there are both advantages and disadvantages to this model. Let’s look closely into it now.
Advantages of Fixed Price Model
Unlike other models that we have discussed below, you get clarity of what exactly the cost of developing software will be. So, the Indian programmers for hire and who are available to give their service will quote you a price. And you have to agree with the price if it is non-negotiable for the entire development process. Here, the advantage is that the developer cannot increase the price from what it is decided. And gives you clarity of the cost that you have to incur for developing a software product or getting a service.
- No Effect of Market Changes
As said earlier, once the price is fixed, both parties cannot change the cost at any cost. Consequently, this saves you from any unfortunate market forces. Because there may be a situation of market instability, the cost of products and services rises incredibly. It also may be the effect of inflation. But as your deal is done and you have entered into a fixed-price model, your developer cannot charge you higher.
- Set Deadlines and Fixed Time-table
As the final scope and features are defined, it is easy for developers as well as businesses to predict a timeline for the project. Once predicted, it is mentioned in the contract and you or the developer cannot change it unless there is an emergency or both parties agree to it. As you hire developer in India, this helps your project to be completed in time and a fixed timetable is followed accordingly. Also, you will be able to track any delay during the process of development and converse with your developer accordingly.
Disadvantages of Fixed Price Model
Although your development may be done in a fixed timeline, the planning before the contract may take longer than usual. For a fixed price model, you must have to be very accurate and specific about the specification and features you need in your product. Along with the time you have to complete the project and launch it, and the required budget according to your project specifications. Predicting and accurately documenting all these things requires dedicated and detailed research, which needs time.
There may be instances where there’s a sudden change in the market trend, and you would like to bring some new features to your product or remove some that have become obsolete. In a fixed price model, you will not be able to do so easily and even a minor change in the course of the project may cost your time and money to a large extent. As all things are fixed beforehand, usually changes are not entertained. So, this is a major downside of this model that you should keep in mind before going with it.
Dedicated Team Model
The hire dedicated Team model suits businesses looking to hire coders India based on their skill, tech stack, and competencies from software development companies. In this model of hiring, the client or the business shares in detail their requirements, expectations, the number of developers they need in the team and the tech stack they want to work on, etc. with the software development company.
Once received the requirements, the outsourcing company decides on the team members they want to offer the service to. Depending on the requirements, their experience and skills, and other parameters like communication skills and cultural preferences that fit best with their client.
The more detailed and comprehensive your requirements are, the more qualitative team you will get. To be precise, a detailed and well-defined set of requirements help the software service providers to assess the exact requirement of team members and the level of experience a work needs. It helps your requirements match the exact resource you need.
Another aspect of choosing the dedicated team model is to decide whether you want to manage the dedicated team yourself or you want a project manager. Particularly, the project manager acts as a communication point for the business as well as the team. Any form of information or message is passed through them. Instead of passing messages to each developer, you can connect to the Project manager and he will convey the information. Also, a project manager keeps monitoring the team regularly.
The pricing model under this model is simple. It completely depends on the size of the team. So, the higher the number of developers present in your team, the higher your cost would be. Hence, as you plan to hire remote developers India, make sure how many developers you exactly need in your team. Apart from this, it also depends on the hourly rates of the developers.
Advantages of the Dedicated Team Model
- Easy Integration of the Project Changes
Unlike the fixed price model, there are no fixed boundaries to the scope of your project. Here, you have a team of developers to work with. So, you can make requests for change or any new integrations in the project and the developers will agree to your request and changes can be easily integrated.
- Full Control Over the Team
As the team you have hired is composed according to your requirements and you have agreed to pay them at a price decided, you get the authority to control your team and thus your project. Based on the team composition, their experience, and the time taken to complete the project, you have full control over the management of your team until the completion of your project.
Members of the dedicated development team or the project manager will always be up for communicating with you in any case. Nowadays, almost all dedicated teams use project management tools like Jira and Asana that make communication easier and more transparent. So it allows instant communication without hesitations to clear doubts and establish open communication for a smooth process.
Disadvantages of Dedicated Team Model
- Not Fit for Short-term Projects
Projects that have a tentative timeline of 2-3 weeks are not suitable under this model. As you hire coders India on a dedicated team basis for a project that needs comparatively lesser time, you will have to bear the extra costs of maintaining a fully-composed team. In such cases, you can hire programmers in India on a freelance basis on a fixed price model.
Hiring a dedicated team is a time taking process. As you give your requirements to the outsourcing company, they may take some time to arrange for skilled developers in the area of your tech domain. It may be a case that you want a specific developer who is occupied in any other project and only after completing the project, they can start your work.
Time and Material Model
During software development, both parties, i.e. the client and the developers need some flexibility. It may be of any type. Budget flexibility from the client-side or time flexibility from the developer side. And both the above models have some restrictions when it comes to the flexibility of time and budget.
But, the Time and Material model comes to the rescue of those businesses and developers who wish to hire a programmer in India and work in a flexible environment. As this model allows higher control over the price, time, and budget of the project, which is a win-win situation for both.
Moreover, the time and material model is beneficial in cases where you don’t have clear plans or goals. Neither do you have a fixed deadline, but want to stay updated in the market. So you may ask for changes in the development process as you desire. Although, you also do not want to blindly predict the market conditions and your project’s scope accordingly. Rather want to work in real-time, and you need direct control over the process of project development.
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Benefits of Time and Material Model
As discussed above, the biggest benefit that you get from this model is flexibility. Both the clients and the developers have complete control over the project. To see from the developer’s side, there is time flexibility as the developer can work on his own time and even take some extra days to complete a quality and tested work. While from the client’s side, they have the flexibility to add or remove any feature during the project development, budget flexibility, etc.
- Suitable for Long-term Projects
Usually, as you hire a programmer in India on a fixed price model, you have to predict scenarios in case your engagement is long-term. But in this model, you get rid of this guessing and predicting the project’s scope and market condition. And can stay in the loop with the recent trends to incorporate changes in your project according to them. Hence, for long-term projects, it is a widely accepted model for product development.
With the time and material model, businesses have the option to pay only for the time or the work hours done by the developers and material used. It is at businesses’ discretion on which frequency they want to pay. So, they can pay weekly, bi-monthly, or monthly.
Disadvantages of the Time and Material Model
One biggest disadvantage of this model is that you have no control over the process of development. As said, there is time flexibility and developers will work on their time, you will have no control over the development process time and progress as and when you wish. Also, the budget does not stay in your control. Although you don’t have to predict the cost and pay in part by part, the final cost that comes after the completion of the project may go higher than your set budget.
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