Project Consignments are a way for companies to outsource their project needs to a third-party provider. This allows the company to access resources and knowledge that they may not have in house. A project consignment can be used for a variety of services, such as research, design, manufacturing, and product development. There are three main types of project consignments: Fixed Price, Time & Materials, and Output Based. In a Fixed Price consignment, the third-party provider is paid a set fee for completing the project. Time & Materials consignments are charged based on the number of hours and materials used for the project. Output Based consignments are charged based on the output of the project, such as the number of products created or the number of documents produced.
Project Consignments are a way for companies to outsource their project needs to a third-party provider. This allows the company to access resources and knowledge that they may not have in house. A project consignment can be used for a variety of services, such as research, design, manufacturing, and product development. There are three main types of project consignments: Fixed Price, Time & Materials, and Output Based. In a Fixed Price consignment, the third-party provider is paid a set fee for completing the project. Time & Materials consignments are charged based on the number of hours and materials used for the project. Output Based consignments are charged based on the output of the project, such as the number of products created or the number of documents produced.
