The
following are the various billing models followed by
Aquametal.
Time and Materials
The standard time-and-materials method of work, based on
Actuals. This is usually monitored through weekly
timesheets and progress reports.
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.
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.
Milestone-based payment schedule
In a remote development project, 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.
Monthly Resource-based payment
Schedule Ideal for the Extended Development Center model,
billing is done monthly based on the number and level of
resources utilized.
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