How do you determine how much money you wish to be paid if there is a potential employer that says something along the lines of: "payment is per asset and we need 50 of them"? I know how to calculate my monthly/hourly pay, but this is different, since I can't say how much time will it take me per asset, some of them may take more time and some of them less time.
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If they're paying on a per-asset basis, then you should be either billing them upon delivery of each asset, or providing an itemized invoice if you want to be paid in some sort of lump sum.
But yeah it is risky we had productions where we did that and the intial concepts have beennsubstantially simpler than theblater ones, but contracts have been signed.
I prefer workorders a lot more, smaller batches to sign off each time for the next,say 1 month or 2 months.
Also your estimates can usually only work for time without iterations, you don't know them, how they tick, how picky they are, where they are picky and so on. From time to time we have a simple iteration multiplicator, like 10 or 20%, other times iteriations get handled seperatly.