Loading

Time and Material

Time and material (T&M) is a flexible yet highly effective cooperation model in outstaffing. If your business does not need to hire full-time developers, architects, or designers but faces high-complexity tasks, our senior experts will help you find the solution, working on an hourly basis.

Developing custom solutions for our clients in FinTech, EdTech, retail, and other domains we have successfully delivered 100+ projects for our partners worldwide. People have always been the key success indicator of our results!

The Benefits Of The Time And
Material Model

Eyes
The time and material model is easy to understand, and it provides significant advantages. It is commonly used in an agile process of development.
The model allows the budget to be flexible and helps predict risks for both parties.
In this model, you can pay for work done and divide your payments into parts.
This model is very convenient for long-term projects where it is difficult, or impossible, to predict the finish time.
Here, the development process starts earlier since there is no need to formulate the final requirements.
The client has control over the project and approves or adds any tasks that should be delivered.
Specifications, requests, and updates can be negotiated and executed during any stage of the project.
One of the most meaningful advantages of this model is task prioritization for development projects. Each project is divided into several tasks (features, use cases, tests, etc.). The provider's project manager advises on importance, level of complexity, manner of implementation, and the price of the tasks. As a result, the client can prioritize features and use cases depending on their price and relevance to the project solution.
In this case, the prototype of the functioning system can be developed more quickly. The client can decide when and how to implement more complicated and expensive features. Service providers and the client will always counterpoise project requirements, their understanding, and implementation.

Time and Material
Principles

On the go, it’s possible to correct the development process in case the customer’s requirements change depending on the market, new challenges, deadlines, and other factors.

The entire path is divided into different challenges, consisting of smaller, prioritized tasks. So working task by task, we move from challenge to challenge, gradually reaching the culmination of the project.

Detailed specifications are worked out on each step, focusing on achieving the main goals.

Under the TM contract, the customer will only pay for real project work.

The project scope contains the main project objectives, and while developing, there is a possibility to make changes.

One doesn’t overpay for the risks that may not occur, but in case they occur, contrary to the fixed price model, it’s the customer who bears the additional costs.

How does it work in Geniusee?

letter G

To effectively apply the Time & Material model, accurate time management is indispensable. As clients pay hourly, a convenient way to track and control the time, expenses, and material is necessary. The Geniusee team uses the Jira management tool to provide all the required data and time-tracking solutions for successful project management and reporting.

Geniusee takes control of the work of the professionals involved to ensure the clients' satisfaction with both the quality of services and the project's final result.

Visit Our Blog!

Post Image
Geniusee is among Clutch Top B2B Service Providers for 2022

We are honored and happy to be ranked among the world leaders in our industry and we will continue to evolve together with our clients.

Written by Yaryna Y.

2022-08-12

Post Image
How to Create an E-learning Platform Like Udemy and Coursera?

If you are interested in how to create an online learning platform like Udemy or Coursera, now is the time to do so while the market is in a booming phase.

Written by Nazariy H.

2022-08-09

Post Image
Geniusee Obtains AWS Lambda Service Delivery Designation

We are thrilled to develop for you and develop ourselves. Another recognition is already here to prove the highest quality of services we deliver!

Written by Yaryna Y.

2022-08-03

Post Image
Top 6 Security Breaches 2022

Cyber security breaches might cost a fortune for your company and that's something you definitely don't want to happen. Our expertise can prevent you from that.

Written by Ihor D.

2022-08-01

Post Image
Top 15 Fintech Startups and Companies You Should Pay Attention to in 2022

In this article, we’ll explore the top most successful FinTech startups and financial technology companies you need to pay attention to in 2022 and beyond.

Written by Sofiia V.

2022-07-29

Post Image
Fintech Regulation: Legal Issues and Regulatory Compliance - Our CTO's article on Forbes

Fintech is a fertile ground for development. However, there are barriers to entry with regulations. But don’t worry; this guide will give you the information you need to get started!

Written by Nazariy H.

2022-07-25

Post Image
Geniusee received an ISO 9001:2015 certificate

We are honored to be recognized as an ISO 9001:2015 certified company. Why constant growth is important to us and why it matters for our clients - read here.

Written by Yaryna Y.

2022-07-21

Post Image
Agile vs. Waterfall vs. Scrum vs. Kanban: Comparison of Project Management Methodologies

If you are still undecided on the Agile vs. Waterfall vs. Scrum vs. Kanban conundrum, this article will point you in the right direction.

Written by Alisher A.

2022-07-18

Post Image
Geniusee Named As AWS Advanced Tier Service Partner

We are honored to be recognized as AWS Advanced Tier Service Partner, which proves and highlights the constant development and growth of our expertise.

Written by Yaryna Y.

2022-07-12

Post Image
Automation & Integrations in Lending & Underwriting

To be a pioneer any product has to improve. Is it so smooth for lending automation: automated credit risk assessment systems? Check out.

Written by Sofiia K.

2022-07-11

Post Image
Advanced Features of Xcode Simulator: Improve Your iOS App Development Experience

How to use Xcode Simulator for iOS to boost your app development experience. What are the limitations, and how would you configure Xcode?

Written by Veronika M.

2022-07-05

Post Image
Core open APIs for Banking & Payments

In the age of ecosystems, instead of just projects, open API became the key to creating this huge one - open banking. Learn how in our CTO's article!

Written by Nazariy H.

2022-06-30

Post Image
10 Mobile Application Development Trends To Watch In 2022

A mobile app is a culture we're used to. Their development was not a bubble, like Bitcoin. This is not a temporary trend, doomed to exhaustion, like the iPhone battery running on iOS 11.

Written by Oksana T.

2022-06-29

Post Image
NFT Implementation on Enjin: How to Create an NFT on Enjin

What is an NFT, and what are the use cases? How can you create your own NFT and implement an NFT on Enjin?

Written by Artem H.

2022-06-22

Post Image
Cooperation Models in IT: Which One Should You Choose?

How to choose the best IT cooperation model for your software or product development project. This provides a comparison of the available models.

Written by Oksana K.

2022-06-20

Need To Estimate The Time
And Budget For Your Project?

letter G

To estimate the total cost, you have to consider the cooperation model that works the best for your business. Based on our experience, creating an app from scratch takes 5–10 months for a native product and 4–9 months for a web application.

Use our estimator aimed to calculate the expected development time and budget for your app.

Find our projects here!

Case Image
SWYFT

Android and iOS mobile app with automated payments, add geolocation services, integrate local market stakeholders, and as a result - the product for rapid grocery delivery in 15 minutes? Say no more....

Case Image
DRUM

Meet one of our clients – Drum! This 5-star application is a platform designed for creators. That’s a great tool for people who care about their personal brands to engage with their followers, earn...

Case Image
Silibrain

Our client, a technology solutions company in MedTech, aims to make the latest technological advances available to millions by providing high-caliber, more affordable solutions to all. Target audience:...

Case Image
EinkaufsCheck

Our main goal was to develop a digital platform for healthy habits called EinkaufsCHECK. We aimed to create a hybrid app for iOS and Android for the easiest and most accurate diet tracking and food...

Case Image
Lending platform

Our client is a secure, automated platform that streamlines the merchant cash advance process and enables ISOs and lenders to manage their businesses from one centralized, convenient place. Combining...

Case Image
Crave Retail

For Crave retail Geniusee has developed 2 enterprise mobile applications that solve the double-sided problem for every shopper visiting the fitting room. The Fitting Room application allows shoppers...

Case Image
Pause

Outstanding case in Geniusee portfolio, Pause – mobile app for meditation. iOS application was downloaded 1000+ times on the launch day.

Case Image
Ajuma

The Ajuma company was founded by a couple after the birth of their child. They wanted to protect their baby from the harmful effects of ultraviolet radiation sunburn and from potentially generated skin...

Case Image
Zedosh

Zedosh is a new digital advertising platform that financially empowers Gen Z. Using Open Banking, we provide insights into their spending behaviour, tips on how to master money and crucially, the ability...

Case Image
Revenu

Revenu is an All in one POS (Point of sale) management system . It uses the latest trends of technology to manage different types of Food & Beverage from scratch up to reaching ultimate clients...

Case Image
RealmFive

Realm Five develops devices that collect various data, such as soil moisture, rainfall, amount of water in tanks, condition of tractors and their location, etc. from different parts of agriculture.

Case Image
FactMata

FactMata is an AI-based platform that identifies and classifies content.  Advanced natural language processing learns what different types of  deceptive content look like, and then detects...

Case Image
TradeSmarter

Tradesmarter is leading in providing white label trading solutions  offering a web responsive trading platform that enables top financial  companies to unleash a new era of competition, innovation...

Case Image
Swoon

Swoon is an online furniture brand with a difference. Their main idea is  that everyone should be able to buy beautifully designed and crafted  furniture at reasonable prices. The brand has...

Case Image
GearHousePros

Frenotec LLC is a motorcycle distribution company eventually grew into  the nation’s largest distributor of Brembo motorcycle brake components  as well as became the exclusive importer and...

Case Image
Validify

Validify Access is a new innovation discovery platform that showcases  only best-in-class and pre-vetted emerging retail technology solutions.  Validify helps leading retailers access curated...

Case Image
Ncourage

NCourage was created to understand the nature of anxiety & stress,  the cause of problems with falling asleep, which promotes personal  growth, success work and increase productivity....

Case Image
Wyzoo

Wyzoo App is built on artificial intelligence and learning techniques to identify patterns in your customer data.

Case Image
Tamam Delivery App

Tamam on-demand mobile application connects customers with independent  local couriers, who acquire goods from any restaurant or shop in a city  and also deliver urgent packages for a variable...

Case Image
Digital bits

DigitalBits™ is an open-source project supporting the adoption of blockchain technology by enterprises. The technology enables enterprises to tokenize assets on the decentralized DigitalBits blockchain;...

Case Image
Totalizator platform

The blockchain based platform - Totalizator. The goal of this R&D project was to validate the possibility of using blockchain technology in order to create an objective betting platform.

Case Image
Ua Light Virtual Console

The Virtual Console is the graphics space that actually allows you to  control your light shows during live events. It visually displays a number of so called widgets and aim to represent  all...

Case Image
Pool party

PoolParty app allows increasing your popularity on Instagram by sharing links to the community of users, that will like, share and follow such links. 

Case Image
My Uber

My Uber app allows everyone with a car to join the community of uber drivers within a couple of clicks - the company will take care of everything else. My Uber provides support and education for all...

Case Image
Crypto analytics

Due to the high volatility of the cryptocurrency market, a trading company faced with an issue that traders need to quickly analyze cryptocurrency market information.

Case Image
Circular review system vehicles

This system provides a complete omnidirectional view for armored vehicles crew (transparent walls effect) and the possibility to receive necessary data and interactive tips on helmet screen.

Case Image
BuZZshow

BuzzShow is a video social media network which incorporates the blockchain technology in a reward-based ecosystem. The platform offers full decentralization and a unique social media experience to users...

Case Image
ZaZa

ZaZa is an expert in online learning and education abroad that helps its clients to get the highest quality services for quite affordable prices. They bring together native-speakers from all over the...

Case Image
PrintBI

PrintBI has the largest and most detailed database of printing companies worldwide, powered by advanced technologies and market intelligence tools.

Drop us a line

Tell us how we can help you
warningPlease, fill out this field
Geniusee form
Industry*
Expected Budget*
thank you thank you

Thank you.

We will answer you as soon as we determine which of the team members is the most worthy to talk to you :)