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Really depends on the client. If your client is able to agree on tight specs and project plans, everyone is better off with fixed project fees. The client can m

Really depends on the client. If your client is able to agree on tight specs and project plans, everyone is better off with fixed project fees. The client can more easily plan financially with a fixed budget. You can charge more, because instead of charging $DAILY_RATE * $DAYS, you can charge $REVENUE_CLIENT_WILL_MAKE_WITH_FEATURE - $THEIR_MARGIN, and the latter figure tends to be significantly higher. You can also deliver the project more quickly because now it's in your interest to do so. Everyone wins. That being said, if the client is unable to commit to tight specs and project plans, you need to revert to invoicing on a time & materials basis. But even if you do that, you should really charge a daily rate, rather than an hourly rate.

vitd 11y ago
>You can charge more, because instead of charging $DAILY_RATE * $DAYS, you can charge $REVENUE_CLIENT_WILL_MAKE_WITH_FEATURE - $THEIR_MARGIN, and the latter figure tends to be significantly higher. That's really going to depend on the type of work you do and the type of clients you can find. In my experience, it's difficult to get contracts with larger businesses unless you know someone already or have some sort of "in" with them. And smaller business tend to be poorly run and are barely making any money on their products and services, so they have very thin margins or are even losing money.