Models of Engagement reasonable and prudent pricing strategies to provide total value for the money.
Nikoq Engagement Models
We believe in giving our clients complete value for their money and meeting their unique demands, Nikoq offers customisable engagement models. Our pricing models are designed with both parties’ interests in mind. We have a set of open pricing policies in addition to the “right” combination of components that meet industry requirements in order to help our clients.
Effective Engagement Models
Ensuring success, agility and growth of businesses with flexible Engagement models.
Fixed Price
For projects with clearly defined needs and scope, the fixed price model is the optimal option. All project needs are predetermined in this paradigm, starting at the very beginning of the development process. Small enterprises and medium-sized projects with constrained or fixed budgets are the ideal candidates for this concept. In addition to the budget and schedule, the project’s primary goals and deliverables are specified.
The fixed model has exact budget defined in advance.
Payment is determined on reached milestones.
Client consent is required for scope changes, so the budget is never exceeded.
Since the budget and schedule are predetermined before the project begins, this is a low-risk or risk-free approach for the client and service provider.
Time and Material
Projects with an unclear scope and dynamic, ever-changing requirements are best suited for this paradigm. If it is not possible to implement specifics or break a project up into multiple smaller stages, the Time & Material model functions. This option lets you charge by the number of hours, tasks, resources, or other expenses involved in the development process on an hourly, daily, weekly, or monthly basis. Depending on how the client’s lifecycle is changing, time and material provide the flexibility to alter project specifications, investigate new activities, and adjust the quantity of project resources.
The ideal choice when the project’s scope is ever-changing
Client may choose to pay on an hourly, daily, weekly, or monthly basis.
Model that is adaptable, enabling the client to try out new activities and specifications.
Modify project resources in accordance with the project’s changing lifespan.
Dedicated Hiring Model
Dedicated models are most effective for projects that need either rapid expansion or long-term professional developer labour. The requirement for flexibility in today’s world makes this kind of approach ideal for employing a developer for developing technologies, expanding the team suddenly, and meeting tight project deadlines. You continue to have total control over the procedures and approach you use to manage the resources. Our committed developers are perfect for clients with different work hours or productivity requirements because they are adaptable and extremely scalable.
Ideal approach for clients who want to handle their projects internally.
Assign devoted developers to work on your project.
Charging either a set or hourly rate
Virtual workers who are only available to your team.
