What is Resource Based Pricing?
This pricing model is implemented where specifications and scope cannot be defined and may change dynamically during the execution of the project. It allows the customers to pay only for the resources used & deployed. This model proves to be efficient & cost effective to those businesses whose resources and budget are limited and to those businesses who cannot adapt to the new resource requirements instantly.
What it means to clients
This model provides a great range of flexibility to change requirements during the process. We first evaluate the available resources with the organization and determine if development can be initiated. In some cases the available resources may not be sufficient to sustain the volatile market, at that time the existing resources are first exhausted and then according to the need we get new resources so as to get the best competitive advantage in the market. The project rate is fixed based on the resources and time consumed during the development phase.