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| » Billing Model |
| Mindfire has established various pricing, payment schedule and payment modes to suit different client and project needs. |
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| Time and Materials |
| The standard time-and-materials method of work, based on Actuals. This is usually monitored through weekly timesheets and progress reports. |
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| Time and Materials with Not-to-Exceed clause |
| A standard time-and-materials method, with an additional clause that price will not exceed a certain amount. |
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| Fixed-price project |
| Project bids, on fixed-price fixed-time basis. Bids may be fixed on hard set of specifications, or accommodate certain level of flexibility. |
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| Milestone-based payment schedule |
| During remote development, milestones-based payment schedules reinforce progress monitoring, and the evolution of firm, achievable milestones. Milestone-based payment helps you justify payment, and visible progress reduces risks. |
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