Virtutronix offers different offshore business models to meet global customers’ diverse needs in tune with its flexible approach to cater to the customer needs. This model has various variants to suit various scenarios, as mentioned below. Each of the models have their own advantages and can be finalized based on the requirement and mutual understanding.
To take the flexibility to the next level, we are open for customization of these models further based on mutual discussion.
1. Fixed Price
Virtutronix proposes customers the Fixed Price model when the scope of work and specifications of the project are reasonably clear and well defined. We work with the customers in defining the expected deliverables and timelines based on which the time and cost estimate is done.
2. Time And Material
The Time and Material model is advantageous to the customers when the scope of work and specifications of the project are either not clearly defined or when there is a possibility of significant changes down the line. The customers get greater flexibility to alter the project specifications on an ongoing basis at their discretion. The customer shall pay an hourly/monthly rate which is agreed at the time of signing of the contract. The customer may even revise the team size, thereby optimizing the cost and duration of the project.
3. Dedicated Development Center
Dedicated Development Center operates as an extension of the customer’s development center. In this model, Virtutronix forms teams with required team members, project managers/leaders, infrastructure and any necessary equipment based on the requirement of the customer. This model is a win win model for both the customer and Virtutronix as the same team members working continuously for longer periods results in increased productivity over a period of time and the domain and technical know how is retained better. It gives stability and visibility to the team and the company in terms of work. This is the preferred model for any longer term contracts.
4. Milestone Based Billing
This model can be employed in case of longer term projects which are divided into various phases that are measurable and defined clearly. Payment schedules are usually defined on timeline (for example, monthly) or milestone basis. This model enables efficient progress monitoring and reduces large project risks for the customers
5. Build-Operate-Transfer (BOT) Model
In the case of Build-Operate-Transfer Model, Virtutronix forms a dedicated facility (incubation center in other terms) for the customer which operates like an extension of the customer’s own facility during the initial stages. The dedicated facility leverages Virtutronix’s infrastructure and processes. Human resources for this dedicated facility can be the existing employees of Virtutronix or the customer or a mix of both or those hired freshly through joint recruitment effort. Virtutronix has a well defined mechanism for smooth transition of the facility to the customer after a mutually agreed period.
This model has the following advantages to the customers:
6. Results Based Billing
This is a variation of Milestone Based Billing model, wherein the billing is partly or fully conditional and is carried out only when a certain predefined goals are achieved to a predefined extent.
7. Proof of Concept
This model can be adopted when the customer has a particular concept/requirement for which he would like to get a preview of how it may look like by building a quick proof of concept or prototype before deciding whether to go ahead with the complete implementation or not.
Staff augmentation can help the customers realize a number of business goals such as faster speed-to-market, domain knowledge and technical experience that accelerates the development in terms of quality and speed and at the same time, avoiding the efforts in terms of cost and time required for internal training and skill development. It is also beneficial to the customer when a particular project cannot be outsourced due to any reason such as security issues, infrastructure issues etc., and due to which the resources need to work at the site of the customer.
Virtutronix’s Staff Augmentation services provide skilled professionals to work under your direct management to help you develop, manage and maintain your applications. Our skilled software professionals can help you manage fluctuating skill needs and the varied staffing needs to meet your aggressive project timelines.
This model involves deputation of suitable resources from Virtutronix to work at the customers’ location or any location as required by the customer. It can be individuals or a team of resources for a particular duration. The customer shall pay an hourly/monthly rate which is agreed upon at the time of signing of the contract. In this case, apart from the hourly/monthly fee for the resources, the customer would take care of return airfare, transportation expenses in India/ Country of work, visa charges, insurance charges, daily allowance and accommodation.
We assist both the SMEs and the large enterprises across the globe with a wide variety of IT resource needs, including experienced application developers, leaders and managers etc. Specific to Japanese customers, we depute bilingual professionals trained in Japanese language and Japanese business culture.