Retainer Contracts
Out of context: Reply #13
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- microkorg0
Yup, no banking.
The idea of a retainer is that you charge them for an amount of hours each month based on previous months (or years) average of work.
TYou tell the client that the retainer will be reviewed every 3 or 6 months.
They ask you to do work, you do it and record your hours with the understanding they are working to a limit.
If they go wildly over the limit then you obviously let them know and stop unless they pay you more.
But if its just slightly over then you suck it up and work it.When it comes to the 3 or 6 month review time if they have continually worked over the specified hours then you up the monthly retainer.
If they have continually worked under then you take the retainer down.You DONT bank hours! That's just asking for trouble down the line when they hit you with "You owe us 60 hours" and you've got a shitload of other work to get done for other clietns too.
That's the way a retainer works.