The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Ultimate Hourly Rate v Fixed Price Thread
Post Info TOPIC: Ultimate Hourly Rate v Fixed Price Thread
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Ultimate Hourly Rate v Fixed Price Thread
Permalink Closed

I know this has been done to death, kind of.  But there's been a discussion ongoing today on the ICB forum about it.  A few folk are saying they would never go for fixed price but I've not really read any real arguments for hourly rate.

I am genuinely interested to know, if you do hourly rates and would never think about fixed price, why?  What are the pros of hourly?

Kris      



__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
semsley


Guru

Status: Offline
Posts: 1329
Date:
Permalink Closed

I think it can save a lot of hassle if the client decides s/he wants "extras" from the agreed service. If on an hourly rate these can be accommodated without negotiating an increase to fixed fee, as a letter of engagement won't necessarily cover all eventualities. It's far easier to add extra hours to your invoice then get into a convoluted discussion of what is and is not included in fixed fee.

Just a thought.

__________________

Advice from beyond the grave!!!

E&OE
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Permalink Closed

Yes, so you wouldn't need such a tight letter of engagement as services could be added and removed as required?

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
ADAS


Guru

Status: Offline
Posts: 827
Date:
Permalink Closed

Good advice Sheila and it's exactly the trap I've fallen into with one client.

__________________
Tony

Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
.
semsley


Guru

Status: Offline
Posts: 1329
Date:
Permalink Closed

kjmcculloch83 wrote:

Yes, so you wouldn't need such a tight letter of engagement as services could be added and removed as required?

 That's about it Kris.  It'd be like the builder who gives a "fixed quote" then the bill comes and it's "ahh but this wasn't included" etc



-- Edited by semsley on Thursday 10th of November 2011 09:03:00 PM

__________________

Advice from beyond the grave!!!

E&OE
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> Ultimate Hourly Rate v Fixed Price Thread
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About