Entrepreneurs need to have a good handle on both development & production costs up-front to build a robust business case. But how is it possible to get production costs at the very beginning of development before the product has been designed?
Since 2008 we have provided mechanical design and engineering services using a number of financing models; including Fixed Price, Time & Materials and occasionally profit share.
But which model is best for the customer?
The design & engineering industry has traditionally had a strong foundation of individuals providing services on a contract basis. Companies both small and large rely on these individuals to add either capacity or capability to their resource pool.
The UK Government’s latest IR35 ruling is turning the industry on it’s head.