Hourly rates vs. Daily rates vs. other rate structures

Many people ask us why do we set hourly rates as default rate unit. The answer to this question is very simple.

Hourly rates give a feeling of fairness when billing for your services. It is of course very tempting to work with daily, weekly or monthly fee, yet this works for very few clients and for established long-term relationships. What happens in most cases though is that when you handle your client a bill for 4 weeks of consultancy together with a short list of work being done this normally results in raised eyebrows.

The perception on the client side of the value add from your work is directly proportional to the detail with which you have kept track of your work. That to a great extent includes the accuracy with which you kept track of your working time. In that respect hourly billing keeps you the closest possible to being transparent about your delivery to the client.

Just our 2 cents!

The Cronforce.com Team