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Re:5 reasons why hourly rate is better than fixed price by iktorn on Wednesday July 10, 2013 @10:13AM (#6019688)
The problem with no 3 is that not every job can be measured in $$$. Especially when you are building an MVP and/or experimenting with features.

I think your approach is definitely valid for "traditional consulting" but a bit less so for more plain webdev work.

Re:5 reasons why hourly rate is better than fixed price by j45 on Wednesday July 10, 2013 @10:22AM (#6019782)
I disagree. Every job can be measured in terms of value. Especially mutually agreeable value. These though, are business skills and not tech skills.
Re:5 reasons why hourly rate is better than fixed price by iktorn on Wednesday July 10, 2013 @10:55AM (#6020101)
But than you are introducing overhead of deciding this. For obvious reasons this is something that needs to be negotiated with a client and documented.