Good work does not automatically lead to timely payment. Learn how to manage claims, variations and payment schedules, coordinate invoice cut-offs, and keep both client receipts and contractor payments on track.
Cost plus fixed fee contracts can suit projects that are difficult to price upfront. Agree a fixed dollar fee, define reimbursable costs, and use open book reporting and spending limits to keep the arrangement fair for both the client and contractor.
An agreed hourly rate does not establish how much a contractor is authorised to spend. Set a clear spending limit, monitor the forecast cost and approve increases in writing to reduce budget surprises and payment disputes.