Fixed-price vs hourly projects
When posting a project, clients can choose between posting a fixed-price or an hourly one. Posting projects in the correct project type that better fits the work requirements can be advantageous.
If you are a client looking to post a project, you can get some tips here.
Fixed-price project
- This is ideal for one-time projects or those with set/limited budgets.
- The bid amount of the winning freelancer is the total amount to pay them for completing the project.
- The project can be paid through Milestone Payments (recommended), or by directly transferring funds to the freelancer.
Hourly project
- This is ideal for continuous work (no specific deadline), or full-time positions.
- The bids of the freelancers are their hourly rate for your required work. The amount to pay your winning freelancer is the price of the total hours of rendered work.
- Milestone Payments automatically generated every Monday from hours tracked in the Freelancer Desktop App will be paid every Wednesday. You may read here for more details.
Hourly-fixed project
When awarding an hourly project, you will have a one-time chance to convert it to fixed-price. Click “I prefer to pay a Fixed Price” on the award modal if you decide to go with fixed-price. Note that time tracking and automatic billing will be disabled if you choose this; the project will work just like how a fixed-price project works. The project fee structure will follow that of a fixed-price project.
