Clients & FreelancingBeginner
Fixed-price vs Hourly
PronunciationFIKST-PRYS versus OW-er-lee
Definition
Fixed-price means one agreed price for a defined job. Hourly means the client pays for the hours you actually work.
Where you hear it
Upwork-style proposals and client onboarding.
Examples
For unclear requirements, I recommend an hourly contract.
The fixed-price quote covers exactly these five features.
Common mistake
Accepting a fixed price when the requirements are unclear. You risk working for a very low hourly rate.
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