Fixed-Price Vs Hourly Projects

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When posting a project, employers are given a choice 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.

Fixed-price project

1. This is ideal for one-time projects or those with set/limited budgets.

2. The bid amount of the winning freelancer is the total amount to pay them for completing the project.

Hourly project

1. 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.

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