How do you bill an offshore software development team?

Evontech15 Jun, 2020Technology

Billing is easier if you decide to go forward with an in-house team. But hiring an offshore team involves separate billing ethics mentioned in the article. So, finally, your project idea is seeded and the product will start taking shape soon. The project idea, though, will evolve gradually, hence the requirement specs cannot be defined, resulting in difficulty in getting a fixed time estimate. So, what is the next step, how to take the project ahead for development, what type of team to get in place, and what billing model to work on?