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[Ask Catalyst:Ed] Fixed price or hourly? Structuring your project contract

[Ask Catalyst:Ed] Fixed price or hourly? Structuring your project contract

Here are two things that happened earlier this week:

From an email:
Expert: "Hey, the project scope says the project will have a deliverables-based contract. Can you explain what that means?"

From a scoping conversation with a client:
Catalyst:Ed: "Do you have any thoughts on whether this should be a fixed price contract or an hourly contract?"
Client: (silence)