Time and Materials business model has been a traditional way of software development and has existed for years now. Typically Time and Materials business model is implemented in couple of ways namely, one in which the customer is responsible for project management, and secondly, Neumeric's management team will be responsible for project management. Irrespective, the project will be billed by the number of hours spent on the project by the resources.

Time and Materials Model is efficient when the scope of the project is vague or if there is high risk of scope creep. All the infrastructure implementation projects and support and maintenance projects are executed in this model, by default. If the project is executed on the customer's site, then the customer is responsible for the time management.

Irrespective of the location, Neumeric bears the burden of expenses incurred in travel, accommodation etc., for the support staff of Neumeric Technologies.