Re:Ask HN: What mistakes did you make when starting as a con...
by onreact on Sunday December 08, 2019 @12:57PM
(#21737127)
Yeah, true, that may happen. Ideally you get a combined payment by hours with a bonus for performance. That is often a bit complex or tricky though.
You mitigate the risk of getting paid not enough in case the hours spiral out of control while still getting paid a lot when you outperform expectations.
And some areas like law are very hourly-based. The one time I did some legal work it was strictly based on time. (At a very good hourly rate including travel time.)