Set up offshore software development team using BOT Model

What is BOT Model

The Build Operate Transfer model has become a prominent approach for companies wishing to set up their own software development team in another country. This creative strategy gives you an upper hand and a well-organised framework to aid it accomplish its objectives swiftly. In a BOT model, a company [The Client] employs a partner company [The Vendor] to design, construct and run a project for a predetermined amount of time. The ownership and management of the project are returned to the client at the termination of prearranged period.

Phases of BOT Model:

Build phase

In the first stage of the BOT model, the partner company assumes responsibility for the software development project’s evolution, establishment, and outline. Numerous crucial tasks are involved in this stage:

Planning and Design: The business and the partner company collaborate closely to produce a thorough design and progression strategy that complements the objectives of the business.
Building and Advancement: The partner company oversees the acquisition of infrastructure, office building, hiring of software developers, the acquisition of resources, and the maintenance of quality and safety standards.
On-time Performance: The partner company prioritises timely software project execution and efficacious management of project milestones.
Co-function and communicating:During the build stage, The Client and The Vendor must collaborate and correspond productively.

Operate phase

The following functions are part of the Operate stage:

Operational Configuration: The Vendor assembles the systems and guarantees effective service delivery by optimising operations and utilising their industry best practice
Resource Allocation: The Vendor oversees and distributes resources, such as Project Managers, Architects, Team Leads, Developers, Testers etc
Provision of Services: The Vendor respects service level agreements, and consistently enhances service delivery
Performance Evaluation: The Vendor keeps a close eye on the project’s progress. They offer performance reports

Transfer Phase

In the BOT model, the project’s ownership is returned to The Client. This phase entails a seamless transfer of operations through a smooth transition process. The following tasks are included in the Transfer stage:

Transitional strategy: The Client and the Vendor to conjointly to create a thorough transition plan in which operational duties, resources, and expertise are delineated.
Exchange of Knowledge: To facilitate a smooth transition, The Vendor offer guidance, documentation, and training.
Transfer of Obligations and Resources: Ensuring compliance with pertinent regulations, The Vendor offer assistance with legal and financial matters pertaining to the transfer.
After-Transfer Assistance: The Vendor is still accessible for advice, assistance, and troubleshooting.

Setting an offshore software development team:

Clearly state your objectives for offshore team as well as the project’s period and sphere of activity.
Resolve on an offshore site that complements your strategic goals.
Authenticate that the offshore location complies with all applicable local laws and regulations.
Work with the legal team to draft thorough contracts that address issues like service standards, intellectual property rights, and the conditions of any future transfers.
Assist in the exchange of knowledge between your team and The Vendor.
Consistently evaluate the performance of offshore team and make mandatory modifications.
Cultivate a cooperative culture and create efficient channels of transmission between the offshore and onshore teams.

Processes and rates to setup the BOT model offshore development team:

The process for setting up a BOT model generally involves basic project planning and design thinking. In other words, simple steps like clearly defining the BOT’s objectives and collecting diverse data for training, taking in consideration things like selection, training, testing, validation, and deployment.

Rate for setting up the same may vary depending on the skills or type of work, it can be hourly, project based or AMC based. With hourly rates ranging from $25 to $36, project-based pricing spanning from a few thousand dollars to tens of thousands of dollars, the rates are to be discussed & agreed by the Client & Vendor.

Advantages of BOT Model

Cost- cutting:One of the prime factors contributing to an offshore centre’s surge in eminence is the depreciated costs of operating and establishing a foreign subsidiary, including salaries, rent, and other expenses.
Go- to market speed:Project implementation is accelerated with the provision of operational capabilities and ready-to-use infrastructure.
Risk mitigation:Risk sharing lessens the load on The Client by partaking the risks corresponding to the initial setup.
Access to Expertise:Enables the client to access specialised skills and competence by utilising BOT provider’s expertise in particular area.
Flexible Ownership Transfer:Gives client the option to take complete ownership and control of project, usually when it can be sustained on its own.
Financial Planning:Since expenses are frequently predictable and the client can create an efficient budget, the BOT model makes financial planning easy s.
Technology Upgradation:BOT providers make investments in cutting-edge technologies that clients can take precedence of breakthroughs without having to make significant upfront payments.
Regulatory Obstacle Mitigation:By navigating regulatory obstacles, BOT provider can guarantee adherence to regional laws and ordinances.

Cannyfore and BOT model

Cannyfore Technology Solutions has well equipped offices, infrastructure, process and skilled developers across different technologies crucial for setting up BOT model offshore software development team that would keep our customers satisfied.

Please Contact on contact@cannyfore.com, +91-9986348493 or +91-9989211613 to discuss how we can help you to set up a BOT model offshore development team.