Time or Project Based Billing: Which Should You Use?

Many service providers eventually come to the point of questioning whether or not their billing should be based on a flat project rate or if they should charge by the hour. Deciding which method to use can be a point of confusion for many service providers. They could underbid to do too much work for too little pay if they charge by the project; yet, they have to worry about time tracking and client sticker shock if they charge by the hour.