Sep 1, 2020 07:54:41 AM by Eric B
Hi,
What do you think the best kind of contract for ongoing jobs is?
- fixed price contract + milestones?
or
- hourly contract with manually added hours?
Thank you.
Sep 1, 2020 08:01:24 AM by Phyllis G
It depends on the work, the pace, the increments for deliverables, the client's preferences, the FL's preferences... I have had successful and profitable long-term engagements using both contract types. And I've had projects of both types go sideways or at least, not work out as well as they could have under the other model.
Sep 1, 2020 12:39:45 PM by Eric B
Phyllis G wrote:It depends on the work, the pace, the increments for deliverables, the client's preferences, the FL's preferences... I have had successful and profitable long-term engagements using both contract types. And I've had projects of both types go sideways or at least, not work out as well as they could have under the other model.
Thank you Phyllis to share your experience.
The fact is that I have 2 of them, one hourly contract with 2-3 jobs a month and another fixed price contract with just 1 job a month. I tend to think that hourly contracts are explainable when there is a certain frecuency and the fixed price contracts when there is not so much frecuency.
Sep 1, 2020 01:00:23 PM by Preston H
re: "What do you think the best kind of contract for ongoing jobs is?"
Hourly.
Sep 1, 2020 01:04:12 PM by Jennifer M
I prefer hourly but I don't use manual time. I think escrow would be better if you want to use manual time.