Friday, October 28, 2005

Design Renegotiations

A few years ago I made a contract with someone stating that I would design their Web site. Further, I stated a flat fee for a per hour basis for future updates. This was a good agreement at the time and both parties were very happy.

Fast forward to the present, I'm still maintaining their Web site, however I'm working at the price stated in that contract that dates a few years back. I felt that I no longer could work for that price and decided to contact my client for new terms.

The bottom line is that you must ensure that when you agree on a price you place a date for future renegotiations to take place. In a regular job, you would have yearly reviews to account for cost of living increase. The money you are receiving today won't have the same value in the future, luckily I have a great client and they agreed that the terms were no longer fare, but we had a contract and they could had held me to it.

The present opportunities won't look the same at a later time, plan accordingly.
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