Damco offers a number of flexible commercial models, which refer to the contractual agreement between you and Damco, based on the type of service we engage in.
We ensure our commercial models are successful for any particular engagement by striking the right balance between your expectations of quality, timeliness and price, and our cost and operational efficiency.
Depending on the needs of our clients, we offer customized solutions. We have the following customer engagement models:
The fixed bid model is best suited for small and medium size projects where the scope of work is clearly defined and agreed upon between the customer and Damco. This model allows customers to pay a fixed price for all milestones deliverables for the entire project. The project plan in such scenarios clearly specifies the scope, costs, deliverables and schedule, and any scope changes during project execution would result in the change of price.
The T&M model works best for customers who want a flexible and agile project execution. This model is ideal for projects where the requirements are flexible and change frequently based on customers’ needs and intended business goals. The customer is billed on the actual efforts spent by the team per month and provides flexibility to the customer to utilize the team for different requirements and also to ramp up and down the team.
SLA/Milestone based projects aim to deliver specified milestones/SLAs in a project. Damco and the customer both work towards a common goal. This model is suited for an iterative and process-oriented approach where the internal and external milestones of the project can be clearly defined, and also ownership and accountability can be clearly defined.
This is a collaborative model where you utilize dedicated full-time services from Damco’s resources. You build your multi-skilled team based on your needs. You get all the benefits of experienced and skilled developers and managers without getting involved in things like hiring, resource management, attrition or paying allowances and benefits.
You as the business owner provide us a list of broad based requirements. We build our teams around your domain and technology requirements, offering specialized services and solutions that meet the distinct needs of your business. We will monitor the project & team for quality standards and step in whenever necessary. Damco Build Your Team (BYT) offering enables you to get world-class, best-of-breed and highly skilled IT personnel—just when and where you need them– across an amazingly wide range of technologies and domains to help you form and strengthen your team in order to remain flourishing and competitive in the marketplace.