Vennsoft adds further value to the projects from the extensive experience in developing the best solutions. At the highest level, Vennsoft works with Clients to achieve their business objectives.

• Project based pricing or Fixed bid
• Effort based pricing or Time & Material
• Milestone based billing
• Dedicated Development Facility or Retainer
• Build-Operate-Transfer (BOT) Model

Project based pricing or Fixed bid

Any of these pricing models can be applied to our suite of services in ingenious ways for convenience and best value for money.

Effort based pricing or Time & Material

In the Effort based pricing model, the project cost is a function of the total project execution time and the corresponding resources deployed. This engagement model is particularly useful in contexts where the projects are quite complex and are prone to specification and design changes midstream. This model gives customer greater flexibility in terms of developing the project specification on an ongoing basis and modifying the specifications based on the changing market needs.

Milestone-based Billing

This option works for Clients who are concerned about progress in remote projects, milestones-based payment schedules reinforce progress monitoring. It helps justify payment based on achievable milestone and visible progress reduces risks.

Dedicated Development Facility or Retainer

A Dedicated facility is an extension of the customer's own engineering/development center. Through such dedicated facilities, we offer the best skill sets, resources, flexibility and time-to-market advantages to the customers, taking all necessary efforts to protect the Intellectual Property Rights (IPR) of the customers. All rights to the IPR developed in the Development Facility vests with the customer. The Dedicated Facility also provides a cost effective solution to customers requiring continuous offshore support. For such dedicated relationships, we also implement customer specific quality/process frameworks and teams are trained for the specific needs of a Client. The resources are paid on a retainer basis.

Build-Operate-Transfer (BOT) Model

In the Build-Operate-Transfer Model,Vennsoft launches a dedicated facility for the client. This facility is like an extension of the client's own facility. The dedicated facility leverages Vennsoft's technical infrastructure, processes and execution capabilities. The dedicated facility is staffed either by existing Vennsoft's resources or by Client's resources or by resources hired specifically for engagement or a mix of them all.

Vennsoft has a well-defined mechanism for the smooth transition of the facility to the client. Clients see the following benefits by working with this model:

• Faster Time to Market
• Lower Establishment Costs
• Risk Reduction
• Flexibility
• Process Expertise
• Option of owning the facility
• Project based pricing or Fixed bid

A low risk option, which you can choose when the scope and specifications for the projects are reasonably clear. We offer Project based pricing in domains wherein we have the expertise and also have well defined estimation tools to determine the resource commitments. Our process optimization ensures reliability, predictability and optimized performance of the projects to deliver on time, on budget, on target.