May 21, 2021 11:22:07 AM by Thomas D
I have a verbal acceptance of my first proposal. However, it is an 'hours to be determined' job. I submitted an hourly rate, but the client is asking me to rebid it with my estimated hours. I can't see anywhere to do that.
Any help appreciated!
Solved! Go to Solution.
May 21, 2021 12:03:54 PM Edited May 21, 2021 12:08:18 PM by Preston H
re: "I have a verbal acceptance of my first proposal. However, it is an 'hours to be determined' job. I submitted an hourly rate, but the client is asking me to rebid it with my estimated hours. I can't see anywhere to do that. Any help appreciated!"
There is no button to click. You need to send the message and he needs to send you a hire offer.
Tell the client:
"John:
I would be happy to do this job using an hourly contract OR a fixed-price contract. I estimate that this task would take me 10 hours to do. My hourly rate is $10/hour. The total cost is thus estimated at $100. Of course, that is an estimate, and not a fixed cost. The amount might be more. It might be less.
Alternatively, I could do this for a fixed-price quote of $200. Note that a fixed-price contract is not associated with a number of hours worked, but is based on a specified deliverable. My fixed-price quotes are not necessarily associated with an estimated number of hours that a project would take."
====================
Or tell the client:
"At this time, I am only taking on jobs like this using hourly contracts. I estimate that this task would take me 10 hours to do. My hourly rate is $10/hour. The total cost is thus estimated at $100. Of course, that is an estimate, and not a fixed cost. The amount might be more. It might be less."
====================
Or tell the client:
"At this time, I am only taking on jobs like this using fixed-price contracts. I could do this for a fixed-price quote of $200. Note that a fixed-price contract is not associated with a number of hours worked, but is based on a specified deliverable."
May 21, 2021 12:03:54 PM Edited May 21, 2021 12:08:18 PM by Preston H
re: "I have a verbal acceptance of my first proposal. However, it is an 'hours to be determined' job. I submitted an hourly rate, but the client is asking me to rebid it with my estimated hours. I can't see anywhere to do that. Any help appreciated!"
There is no button to click. You need to send the message and he needs to send you a hire offer.
Tell the client:
"John:
I would be happy to do this job using an hourly contract OR a fixed-price contract. I estimate that this task would take me 10 hours to do. My hourly rate is $10/hour. The total cost is thus estimated at $100. Of course, that is an estimate, and not a fixed cost. The amount might be more. It might be less.
Alternatively, I could do this for a fixed-price quote of $200. Note that a fixed-price contract is not associated with a number of hours worked, but is based on a specified deliverable. My fixed-price quotes are not necessarily associated with an estimated number of hours that a project would take."
====================
Or tell the client:
"At this time, I am only taking on jobs like this using hourly contracts. I estimate that this task would take me 10 hours to do. My hourly rate is $10/hour. The total cost is thus estimated at $100. Of course, that is an estimate, and not a fixed cost. The amount might be more. It might be less."
====================
Or tell the client:
"At this time, I am only taking on jobs like this using fixed-price contracts. I could do this for a fixed-price quote of $200. Note that a fixed-price contract is not associated with a number of hours worked, but is based on a specified deliverable."
May 21, 2021 12:22:40 PM by Thomas D
Thanks for the reply!
So it's in his court at this point ... he's agreed to the hourly rate but the job is sitting with a max of $2000 per week. I'm thinking he's hesitant because of that and I don't want to talk him into accepting something and then having to pay $2000 in escrow.
May 21, 2021 01:43:12 PM by Preston H
re: "he's agreed to the hourly rate but the job is sitting with a max of $2000 per week. I'm thinking he's hesitant because of that and I don't want to talk him into accepting something and then having to pay $2000 in escrow."
Escrow is only a part of fixed-price contracts.
There is no escrow in hourly contracts.