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> Charge daily or weekly, not hourly. This can work for the provider of a service, in certain circumstances. But my opinion is that it is always better to cha
by arctangent 10y ago
> Charge daily or weekly, not hourly.
This can work for the provider of a service, in certain circumstances.
But my opinion is that it is always better to charge a price that reflects the value delivered, no matter how long it takes to deliver that value.
There is a (possibly apocryphal) anecdote I read once in which a consultant was brought in to service a machine with many parts. He replaced one part and invoiced (say) $10,000 for replacing a part worth $1. When asked why his bill was so high, he said: "I charge $1 for the replacement part. The other $9,999 is for knowing which part to replace."
As knowledge workers, those who are skilled must remember that "hours spent sitting in a seat" is not a valid measure of their productivity and should not permit clueless managers/clients from judging them in that way.
- dsacco 10y agoYep, I agree. Part of my philosophy in charging weekly is to abstract away the cost from an hourly metric and anchor it closer to the project itself.