Very often it becomes necessary to undertake a major portion of a project on a Fixed Price basis and at the same time deploy resources on a Time and Materials Pricing basis. We call this the hybrid model. Adopting such a model enables the client to maximize their budgets without compromising any aspect of the project itself.
Needless to mention here that this model too can be Onsite, Offsite, Offshore or any combination of the same.
This model is used when client wishes to work on fixed price model and when the project scope is not detailed enough to enable us to estimate the effort with accuracy. Based on the initial concept note we define a short initial.
