What are the payment options for self-employed freelance consultants?

Payment structuring is a matter for negotiation between the independent self-employed freelance consultant and a project provider. Whilst some project providers have pre-determined terms and structuring, options can include:

  • Daily, Weekly, Monthly etc.
  • A retainer up front and the balance on project completion.
  • A fixed fee paid either in advance, on completion or staged throughout the project.
  • Commission based on project milestones or outcomes.
  • Time-based with incentives for early completion or penalties for late completion.

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