4.
Time and Material (T&M) Projects
In a T&M model, the software development vendor charges the client based on an hourly cost of the time spent towards development efforts and cost of materials. This contract typically includes an hourly, weekly, or monthly price of resources, terms of resource procurement, and timeline agreements.
Easy to respond to changes in the unpredictable project
A T&M contract is ideal for a project without a clear or accurate estimate of the time and costs involved. A T&M contract is ideal when there’s a need for flexibility.
Delays and roadblocks dealt with easily
In a product development environment where there is a equal involvement by the client or in a research oriented project, T&M is the best choice.