Tracking Time. Getting Paid.

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Top 6 reasons to track your time

Paul Doerwald • July 29, 2020

No one likes tracking time! Time sheets are tedious, frustrating, hard to fill in, and often inaccurate. But in spite of all that, there are very good reasons to do time sheets. You bill by the...

What is value-based pricing?

Paul Doerwald • July 22, 2020

Value-based pricing is exactly the same as project-based pricing — when a vendor (freelancer, agency, or consultant) and their client agree on a fixed price for a fixed scope of work — except that the fixed...

Time cost • definition

Paul Doerwald • July 15, 2020

Time cost • the opportunity cost of the time it takes to do a task Although time cost is a fairly simple concept, it offers a bit of nuance. You can talk about the “cost” of something, but that usually...

What is retainer-based billing?

Paul Doerwald • July 8, 2020

Retainers are essentially medium- to long-term Time & Materials engagements for ad hoc as well as small project work. Retainer-based billing is used to even out cash flow for vendors and clients,...