How to correctly form the price for development on the “time and material” model? What factors should be taken into account when calculating the cost to cover costs and make a profit? How to avoid project underestimation and protect yourself from unexpected costs? What methods of control and reporting will help to maintain transparency for the customer?
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When I started working with time and material pricing I encountered a few challenges. It is important to consider factors such as the number of hours spent on a project and possible additional costs. I also took into account Amasty's methodology for calculating costs and creating transparent reports for the client. This helps to avoid underestimating projects and takes into account all possible risks associated with unpredictable costs. If you use the right tools to control time, pricing becomes much easier.