Time & Material Model
Best For: Projects where the scope is flexible and effort varies based on time and team size.
In this model, clients are billed based on the actual time and resources spent on the project. It's ideal when the number of hours and the team size needed for the work are known in advance, but the total scope or timeline may change.
Billing is based on the time & materials.
Flexible scope and evolving requirements.
Charges depend on the time spent and the number of employees involved.
Suitable for long-term projects with variable workload.
