Every company has its own
way of negotiating and operating budgets and the amount of information
supplied to a client varies from company to company. Some companies
and freelancers have two budgets; the client budget and the master
budget. The client budget is the budget that the client sees and contains
detailed information about where the money is being spent. A master
budget contains information such as mark ups and profit margin, which
you may not wish to pass on to the client. |