In an unpredictable economy, businesses need to counteract market changes with flexible innovative business associations and strategies. TEXworld offers you the following business models to ensure your competitive advantage in a changing marketplace. You have the option to combine one or more available models as part of your engagement strategy.

Time and Materials
This model offers clients the flexibility to alter specifications based on upcoming market trends. This model is suitable for projects, which, are in their initial stage of development where specifications have not yet been clearly defined. The client pays an hourly development fee; which is agreed mutually at the time of contract signing. Hence, the cost is determined by the amount of time and resources expended.

Fixed Price
We follow the Fixed Price Model for undertakings that are specifically defined in terms of their requirements, schedules and path. Under this business model, we work with our clients to define their expected deliverable outcomes and determine a mutually agreed fixed price. We leverage this model in areas where we have expertise or prior experience.

Dedicated Development Centers
A Dedicated Development Center (DDC) is an extension of the client’s software development and maintenance facilities, the extension being created at locations in India. A 20-person DDC can be set up and be fully operational and productive within a period of 3 months. During this period, all required knowledge transfer from the client team to the DDC team could be executed. To know more, look at nurturing a DDC.

Build – Operate – Transfer
This approach enables customers to rapidly start an offshore development facility and later transfer it as their own subsidiary. TEXworld adds value at each of the stage. During the Build stage TEXworld sets up infrastructure, staffs the facility and brings about rapid knowledge acquisition and Transfer. During the Operate stage TEXworld runs the offshore organization and its functions such as product development, maintenance, quality assurance, deployment and product support. In the transfer phase TEXworld works to register a new offshore subsidiary for the customer, transfer assets and handover operations.