MODELS We offer end to end software development and enterprise solutions

Profit Sharing

The profit sharing pricing model is an outcome-based pricing model. From an investment perspective, profit sharing plans are evidence of a partnership between management and employees in the success of the business. This framework is based on incentivizing and rewarding the service provider for increasing the overall value delivered to the outsourcing organization beyond what is contractually expected from the service providers, This model encourages and empowers service providers to engage in collaborative and creative problem solving as they work with the client organization towards achieving mutually beneficial business goals. This model, therefore,For a successful outcome, this model requires a high level of trust to exist between the participating organizations, equal distribution of risk and reward, and significant upfront investment. In general, the profit participation is closely linked to the risk sharing.

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Fixed Price Contract

Fixed Price model is suitable for projects with well-defined requirements and schedules. When your need is clearly specified in sufficient detail, Sourcepage estimates the project scope and complexity, We undertake such projects with a fixed price quote and deliver them in due time with best quality. The primary advantage of the Fixed Price model consists in allowing the customer to determine exactly the project budget in advance. However, in comparison with the Time & Materials model, Fixed Price contracts tend to be less flexible for managing changes and additional features requests. Any requirement changes or new feature requests occurring during the project implementation process will cause a re-negotiation of the delivery schedule and price. Occasionally, a fixed-price project may require additional programming work due to change or addition in scope during the development phase. Under such circumstances, it is possible to revise the fixed-price based on the new scope of project or continue development within the scope & fixed price and then switch to another model such as hourly charges model.

Time & Materials Contract

When the project scope, specification and implementation plans cannot be precisely defined at the outset or requirements may change dynamically during the project implementation process, the Time & Materials model provides the flexibility of modulating the size and workloads of the development team assigned to your project, while optimizing time and costs. Under the Time & Materials option, offers its skilled resources, and the development effort is billed at the end of every month based on the pre-negotiated and mutually agreed hourly rate. Hence, the total project cost is determined by the amount of time and resources expended. The development life cycle is controlled by client inputs and direction. There are no hidden charges or any other additional costs involved. This provides you complete independence and flexibility to get the project developed end-to-end as per your budget provisions The advantage here is that the Time & Materials model offers you a high degree of flexibility to alter specifications, accommodate unplanned activities rapidly, and adjust project resources based upon your evolving requirements throughout the software development process.