Pitfall - don't go anywhere near anyone who deals in hourly rates. I'm sure I don't need to explain why, but I'm going to anyway.
You can't possibly be sure that you're paying them for the exact hours they work unless you're bringing them in-house. They could tell you a model takes eight hours, do it in two, thus you pay way over the odds.
Best way - "I want 'X' doing, in 'Y' amount of time, I'll pay you 'Z'". It keeps it all nice and simple.


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The site is quite correct.
