There are a couple of different models under which Ramsoft bids for offshore projects. The type and detail of a requirement would dictate which of these would be more suitable.
FIXED BID
Fixed price and schedule
Suitable when requirements are clear and stable
Payments are made based on milestones and deliverables
Project and Account Manager are points of contact
Calls for Well-defined requirements
Time & costs kept under control (margins for overruns are built-in)
TIME AND MATERIAL
Changing or a series of small requirements
Team is charged on a T&M basis
A Senior Executive allocated to manage the account
Project Management with us or clients
Flexible resources - Ramp up or down
More flexibility, particularly when requirements change or evolve