Time & materials is the most popular settlement method preferred by software houses. In this model, the customer pays for the time worked by the partner’s team at the rates specified in the contract. The project is divided into specific tasks. Estimation of the time needed for its implementation is based on them. A dedicated team carries out tasks as part of two-week sprints. The number of hours worked is converted into the amount that the software house charges the customer.
There are also other billing methods with an IT company. Fixed price, in which works are planned and carried out in a manner adapted to the client’s budget, allows you to control the upper limit of expenses. A fee or monthly subscription is a good solution if the scope of cooperation is limited only to maintaining a given system, application, store, or website.