hourly vs. fixed rate
hourly vs. fixed rate
Out of context: Reply #9
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- nocomply0
I bill hourly whenever possible. I provide a clear estimate upfront in which I document all of the work to be done and estimate the number of hours the project will take. I tell my clients that if for some reason I am running over-estimate they will be notified well ahead of time. I also tell them that if I finish something ahead of schedule they won't be billed the original estimated amount.
I think this works for me because I normally meet with my clients and develop a sense of trust before sending out an estimate (or I already know them).
I am currently working on a project in which the client insisted on a flat rate. I bid too low and I am now paying the price a little bit.
- you always will... my rule of thumb is x2.5 on estimated time when quoting flat ratetrooper