Summary

Created by Richard Roeder, Modified on Tue, 14 Mar, 2023 at 11:36 AM by Richard Roeder

	HOURLY	FLAT RATE	FIXED FEE
		Pay a flat fee for a single issue or task. We separate the effort (the amount of work to be done) from the duration (the length of time it takes to complete) to keep the cost to a minimum and set clear expectations on when the work will start and finish.	Prepay a fixed fee for a block of hours that never expire and cover any number of issues or tasks. Receive a discount from 5 to 25%, based on the number of hours purchased.
Audience	Corporate	Consumer SMB	SMB Only
Scope	Open or Undefined	Single Task/Issue	Multiple Tasks/Issues
Billing	Duration	Effort Only	Effort Only
Best For	Fractional Staffing, Open Requirements, Complex Projects	One Time Requests, Administrative Tasks	On-Going Support & Maintenance, Large Scoped Projects
Primary Benefits	Ultimate Flexibility	Known Cost Simplicity & Predictability	Flexibility, Simplicity, & Predictability
Rate	$165.00/h (20m min/task[1])	Less Than an Hour/$55 About an Hour/$125 An Hour or So/$270 A Couple of Hours/$450 About ½ Day/$720 About a Day/$1,170 Just Over a Day/$1,750	5%/9.5h/$1,500 10%/20h/$3,000 15%/34.5h/$5,000 20%/48h/$8,000 25%/91h/$12,000 30%/142h/$18,000
Terms	NET30[2]	Prepaid	Prepaid
Instalments	NA	NA	$1,500/3 x $500 $3,000/4 x $750 $5,000/5 x $1,000 $8,000/8 x $1,000 $12,000/8 x $1500 $18,000/12 x $1,500
Payment Methods	Interac Credit Card Bank Transfer	Interac Credit Card Pre-Authorized Debit	Credit Card Pre-Authorized Debit
Discounts	Custom[3]	Varies by effort.	5% – 30%
Accountability	Client	Tenbin	Tenbin
Work Hours	Business Hours	Business Hours Working Hours	Business Hours Working Hours
Ah-Hoc	⬤	⬤	✘
Managed Services	⬤	⬤	⬤

[1] Minimum per billing period, which is every 2 weeks.

[2] New clients require a prepayment of entire estimate, or a retainer equal to the estimated work completed in a single billing period.

[3] Discounts available for engagements greater than 120h/month, 3 months or more in duration and require both a services agreement and retainer.