[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)

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Contract terminology can get confusing. So here’s a quick primer (and we’ll do a blog post with a deeper dive into the not-always-fun world of consulting contracts sometime soon).

Contracts typically tend to be of three types… READ MORE


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