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Time and material working models are becoming and for good reason. This payment model allows you to meet targets faster and cheaper than flat fee schemes. But let's start at the beginning!

Time and material agreements are great for when the scope of work is difficult to determine or when you expect design requirements to change midway.

In a time and material agreement, the client agrees to pay the contractor and their subcontractors based on the man-hours they devote multiplied by a fixed rate.

This is in contrast to an up-front flat fee. At first glance, you may think that a fixed price would be safer for a business owner, but nothing is as straightforward in outsourcing software development.

Be wary of companies that spit out a figure too quickly.

Learn more about the advantages of time and material for your next project. Download now.
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