How to propose a fixed price instead of hourly rates to a prospective client?

[dyumnin]

I recently saw an RFQ for a hourly rate project which did not fit in the hourly rate model.

1. Significant material cost,
2. Shipping cost.
3. Most work away from laptop,
4. Can complete S/W part faster leveraging pre-written inhouse,

I would prefer bidding on it as a fixed rate activity with set milestones.

Is it possible to give a turnkey "fixed rate" proposal to a client seeking hourly rate worker? If yes, what are the guidelines?

[g_vasilevski · Accepted solution]

Hi Vijayvithal,

At the moment we don't have the option you're referring to. However, you can mention this in your proposal and communicate with your client about the contract that would be a better fit for both sides. If they also agree that a fixed price contract is a better fit, the client has an option when he's sending an offer to switch from hourly to fixed and vice versa. Thank you.