Ted Roche wrote: > I had a client I've worked with before approach me for a follow-on > project. They're strapped for cash at the moment, but had been perfect > with payments on time in previous project that lasted 10 months. > They'd like to defer some of the costs of development for a period, > which I can sympathize with, but I'm not a bank and am fairly naive > over the terms offered. Anyone have an opinion (ha! In this crowd, has > anyone got an opinion -- what a funny guy!) on whether this is ever a > good idea or gotches on these terms: > > Time billable at $X.00 / hour > <snipped>
What's your feeling on the scope of the project? $2k? $10k? $100k? If it's small enough you can miss the $ if it doesn't show, then that would mean just going for it since risk/loss is small... If it's a big project, and that time/money vanishes, and yet you lost that opportunity to be making that $$$ from PAYING clients, then of course you are hosed... I'd consider scoping the project and putting a cap on how much in the hole they can go before work stops or you get the CEO's luxury car, or... Also, I think there's a document you can file that puts you "first in line" in case of certain types of bankruptcy... of course, by this time you may be the 100th entity "first in line", but at least you are a step ahead of anyone that didn't file the doc... The more credit you extend them, the more you risk to lose by walking away later, then you extend them some more, then.... you can go in the toilet real quick that way... Matthew S. Jarvis IT Manager Bike Friday - "Performance that Packs." www.bikefriday.com 541/687-0487 x140 [EMAIL PROTECTED] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
