Fixed-Fee Statements of Work vs Time and Materials: Estimates, Change Requests and Overruns
This lesson is part of the course
In this lesson
You price a fictional project on time and materials at the estimate and at the actual hours, add the approved change requests to the fixed fee and work out how much of the overrun the supplier carries.
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Lessons in this course
- Hourly, Daily, Monthly: Turning Every Rate into One Comparable Hourly Rate Locked
- Agency Temps: Pay Rate × Markup = Bill Rate, and the Loaded Cost of an Employee Locked
- Rate-Card Compliance: Card Rates by Role and Level, Overpayments and Savings Locked
- Fixed-Fee Statements of Work vs Time and Materials: Estimates, Change Requests and Overruns Locked
- Temp-to-Perm Conversion Fees: Fee Scales by Weeks Worked and the Break-Even Point Locked
- Tenure & Extensions: Planned End Dates, Months on Assignment and the Cost of Extending Locked
- Contingent Spend Reporting: By Category, Department and Supplier, and the Share of Workforce Cost Locked
- Workforce Mix Dashboard: Employees vs Contingent FTE and Cost, a Conversion Scenario and a Chart Locked