The specification part of the process discussed last month is the more complex step in the process. Once this hurdle is overcome, and once both the client and Intrinsiq are clear on how they will be proceeding, the next step is to sign the contract. This step is fairly simple, once the specification document is signed by the client we move on to the next phase.
This part of the process will highlight exactly what Intrinsiq will build for the client, a timeline of when each segment will be set up, and also any payment plans agreed upon between Intrinsiq and the client. Basically, the work statement will be a detailed overview of what this project will entail.
When we are agreeing on the contract, we do not just agree on what we will do and how much that will cost. We will also agree on a timeline which is made up of different segments, and the payment plan will be based on that too.
This is yet another simple way of working with Intrinsiq. Each project is split up into different segments, and the client gets to pay for the individual segment rather than for the whole chunk of the project. That way, it is more manageable and flexible.
For any further information of if you would like to set up a call with us, do not hesitate to contact us on [email protected].