India Softima has evolved various pricing models for the execution of the projects to guarantee: 

:: 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.