Doing fixed-bid is another interesting angle I didn't cover; thanks for bringing... | Hacker News

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		smartbear on Feb 8, 2011 \| parent \| context \| favorite \| on: The unfortunate math behind consulting companies Doing fixed-bid is another interesting angle I didn't cover; thanks for bringing it up! It's yet another potential source of both great profitability (when you do something THEY think is hard in just 10 hours) or loss (as what you described). Almost everything here is double-edged...

JoeAltmaier on Feb 8, 2011 [–]

I never fixed-bid. I pretend to- fixed up to X hours, if it goes 10% over that I start to charge hourly.

They smile! Those 10% are 'free hours', but of course I worked it into the fixed bid. Anyway everybody wins.

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