Business Models

	Fixed Time, Fixed Price
	Our fixed time, fixed price model offers customers a low-risk option and can be employed when the scope and specifications of the project are reasonably clear. This model guarantees on-time, on-budget delivery of projects. In fixed time, fixed-price engagements, ITWARE follows a phased approach that includes scoping, development, implementation and business support. Combining the fixed time, fixed price model with our offshore solutions center, we can offer customers a tremendous advantage on the cost front.
	Time and Material
	In this business model, ITWARE forms project teams with the required team members, project managers, equipment and infrastructure based on project requirements. Customers pay a monthly charge based on the size and composition of the team. This model offers the flexibility to balance team size and project workloads. Most of our onsite services (unless it is part of a fixed time, fixed price project) are delivered using this business model. ITWARE could bid for partial phases of a project on a fixed time, fixed price basis and the remaining parts on a time and material basis.
	Risk and Reward
	The risk and reward model is typically used during software product/subsystem development. Under this business model ITWARE shares the risks involved in developing and marketing a product along with our customers.