Milestone Based Contracts vs Retainer Agreements
Developers should use Milestone Based Contracts when working on fixed-scope projects, freelance gigs, or client engagements to mitigate payment delays, manage expectations, and track progress transparently meets developers should learn about retainer agreements when working as freelancers, consultants, or in agencies to establish stable, long-term client relationships and manage recurring revenue streams. Here's our take.
Milestone Based Contracts
Developers should use Milestone Based Contracts when working on fixed-scope projects, freelance gigs, or client engagements to mitigate payment delays, manage expectations, and track progress transparently
Milestone Based Contracts
Nice PickDevelopers should use Milestone Based Contracts when working on fixed-scope projects, freelance gigs, or client engagements to mitigate payment delays, manage expectations, and track progress transparently
Pros
- +It's particularly useful for complex or long-term projects where incremental delivery and validation help prevent scope creep and ensure both parties are satisfied with the outcomes
- +Related to: project-management, agile-methodology
Cons
- -Specific tradeoffs depend on your use case
Retainer Agreements
Developers should learn about retainer agreements when working as freelancers, consultants, or in agencies to establish stable, long-term client relationships and manage recurring revenue streams
Pros
- +They are particularly useful for maintenance, support, or ongoing development projects where clients need regular access to expertise without the overhead of hiring full-time staff
- +Related to: contract-law, freelancing
Cons
- -Specific tradeoffs depend on your use case
The Verdict
Use Milestone Based Contracts if: You want it's particularly useful for complex or long-term projects where incremental delivery and validation help prevent scope creep and ensure both parties are satisfied with the outcomes and can live with specific tradeoffs depend on your use case.
Use Retainer Agreements if: You prioritize they are particularly useful for maintenance, support, or ongoing development projects where clients need regular access to expertise without the overhead of hiring full-time staff over what Milestone Based Contracts offers.
Developers should use Milestone Based Contracts when working on fixed-scope projects, freelance gigs, or client engagements to mitigate payment delays, manage expectations, and track progress transparently
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