Characteristics
Flexibility: High flexibility to change scope and requirements.
Billing: Based on actual time spent and materials used.
Scope: Can be dynamic and adapt to project changes.
Best For
Projects with uncertain or evolving requirements.
Clients who prefer an agile approach.
Process
Initial Discussion: Understand the broad requirements and project scope.
Agreement: Sign a time and materials contract with agreed hourly rates.
Project Execution: Begin development with regular updates and continuous client feedback.
Time Tracking: Maintain detailed timesheets and records of materials used.
Invoicing: : Periodic billing based on hours worked and resources utilized.
