Engagement Model
Engagement Model
Iqinik Technologies

Iqinik Engagement Models

Engagement Model

Engagement Models Planned for
Customer Success

Building a successful product is a two-sided job. After you share your requirements, we want you to be involved in the entire development lifecycle to build a thriving relationship. Choosing a suitable engagement model is important for building a symbiotic relationship as it ensures that both parties benefit. At iQinik, we have three different engagement models to forward our collaboration.

We offer this three Fixed Price, Time & Material & Dedicated Team. engagement models to deliver every project. You can choose the engagement model according to your requirements, resources, & desired procedure.

Time & Material Model

A flexible model where we adapt with the client’s changing needs & requirements.

Time & Material Model

A flexible model where we adapt with the client’s changing needs & requirements.

Fixed Price Model

With pre-approved requirements & budget, we work according to the deadline.

Fixed Price Model

With pre-approved requirements & budget, we work according to the deadline.

Dedicated Team Model

We become an extension of your team & deliver the project like an in-house project.

Dedicated Team Model

We become an extension of your team & deliver the project like an in-house project.

Underst&ing the Engagement Models

Time & Material Model

The Time & Material model is an adaptive setting where the cost & timeline of the project changes according to your changing requirements. The final development cost is calculated based on all the iterations & changes done along the way.

How Does This Model Work?

Flexibility is the key aspect of the Time & Material Model; wherein there is no guideline to provide the requirements before the project begins. As a client, you will ask us to start building the platform based on a premise or some initial requirements & keep on adding more details as we move ahead. You will pay for the amount of work done & can add various changes while the project is being built. This engagement model is popular because it allows for quick changes in requirements, the capacity to balance project resources, & the distribution of tasks. Within the Time & Material engagement model, we use agile development methodologies, which enables us to find bugs & build a high-performance platform with ease.

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Best Use Cases

  • For adaptive projects that need frequent changes.
  • When the documentation is not adequate, it will come along the way.
  • When the project is going to continue in the long run, it will have numerous iterations.

Business Benefits of this Model

  • Flexibility :-
    Making changes & iterations above the initial idea is easy.
  • Control :-
    You will have more control over the development process.
  • Stability :-
    The project will be delivered in parts that give it more stability.
Engagement Models

Fixed Price Model

This engagement model has predefined arrangements about every part of the development lifecycle. From cost estimation to discussing the requirements, everything is done before starting the development work. From the deadlines to the deliverables & everything in between, all is fixed & penned down.

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How Does This Model Work?

A fixed-price approach necessitates meticulous planning well ahead of time. The work scope, time, budget, & every other aspect are discussed & agreed upon before the work begins. The budget for the entire development process is decided based on the predicted project scope. Without your permission, development teams are unable to charge further fees. Small projects with a limited budget mostly go for this model as they don’t want any surprises with the pricing, requirements, & output. There is very little room in this model to make the changes without disturbing the entire schedule. An unanticipated change is no less than a challenge for the development team.

Best Use Cases

  • When you are clear about the requirements & the project’s outcome.
  • You have a set budget for the project.
  • Great for small-size & micro-projects with no intention of changing the requirements

Benefits of this Model

  • Fixed Cost :- The cost is fixed beforeh& & cannot be changed without your permission.
  • Clarity :- Every aspect of development is clear to the team & stakeholders.
  • Management :- This type of working model is easy to manage.
Engagement Models

Dedicated Team Model

Outsource your work to iQinik Technologies & let us become an extension of your development team. Based on a fixed hourly pricing model, the final cost depends on the number of work hours.

How Does This Model Work?

In a dedicated team model, the client delegates or outsources the entire project or some amount of work to a third-party development organization. iQinik technologies team can also work as a third-party service provider. In this engagement model, the trinity of client-project manager-developers governs the entire project’s progress & establishes constant communication. Businesses select this technique to reduce development expenses & free up time for recruiting. Our in-house developers at iQinik have time & again demonstrated the capabilities to deliver projects with this work model effectively.

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Best Use Cases

  • Works for every project type.
  • When you need some extra h&s to assist the in-house team.
  • When you want to evolve the project & have found the right team to work with you.

Benefits of This Model

  • Low Cost :- Cost-efficient engagement model.
  • Communication :- Development teams have a dedicated project manager.
  • Expertise :- Freedom to choose the right vendor according to experience & expertise.
Convenience & Expertise

Robust Project Execution & Management

At iQinik, we have built a culture & team that will execute your project to guarantee success irrespective of which engagement model you choose.

Custom Development
Effective Communication

We believe in maintaining a constant dialogue with our clients. To ensure that our clients have access to all the information on time, our dedicated project managers ensure work coordination, communication & track the project’s progress to share that information with the client. We can communicate via phone, messages, email, or even get on a call according to your preferences.

Agile Transformation
Planning & Competence

Our work begins with a tailor-made plan befitting your project & requirements. We also follow the principles of knowledge transfer that help in sharing project information to every professional involved in the project. At iQinik Technologies, we use specialized tools to share knowledge & information to ensure that nothing is missed on every end.

Highly Secure
Report & Update

We share the project updates with the client with different reporting methods. You can ask for weekly reports or monthly reports, & the iQinik team will prepare a comprehensive report for every completed task & update. With this, we have built a transparent work environment.

An Advanced Brokerage Solution Provider

Why Work with iQinik Technologies?

At iQinik, we provide a wide range of brokerage platform design & development solutions built specifically for your business. Working with us means saving on cost & time, which helps you launch your solution in record time.

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