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Right. Except that I'd submit that it matters even more when charging a flat rate, as you're bearing all the risk of an underestimate.
by te 13y ago
Right. Except that I'd submit that it matters even more when charging a flat rate, as you're bearing all the risk of an underestimate.
- k-mcgrady 13y agoI solve this by quoting a price between $xx and $xx, taking 50% of the smaller amount and then if the job takes longer than I estimated I have some room to charge more at the end.
- DougWebb 13y agoHow do you come up with the range? How do you know how much risk you're taking on that the upper end of your range is not seriously under estimated?
- k-mcgrady 13y agoI've just learnt through experience. There is obviously still some risk involved but it's reduced. When I'm working on projects that are similar to ones I've worked on before I use a smaller price range and if I'm working on something totally new to me I will use a larger price range to keep the risk as minimal as I can.
- kybernetikos 13y agoThat's an interesting approach, but in fact your range is a time estimate, so it's not quite true that you've stopped doing time estimates, it's just you've stopped telling the cusetomer exactly what they are.