This is a one-time consulting model and is applicable for cases where the consulting requirement is identified and the scope of work is well-defined. The deliverables, times lines and the consulting fee are agreed and the required services are executed.
This is a long-term engagement model. In this model, the parties
agree on the functional areas of business that need to be focused by the consultants. An implementation plan document and the monthly retainer fee is finalised. The consultants work based on the plan document.
In this model, the consultants act like a Senior Management of the
client and work across all the functions of the company. A quarterly mile-stone document is prepared and agreed. The consultants are paid and monthly retainer fee and a variable on achieving the mile-stones. It is a win-win relationship.
It is Business Advisory service provided to customers. Monthly
meetings are held and the customers can discuss with the consultants any of the business challenges across any area of business. The consultants act as a sounding board to the customers. It is a yearly engagement and the consultants are paid on a quarterly basis.