Which method of compensation is frequently used where there is a continuing relationship on a series of projects?

The method of compensation that is frequently used where there is a continuing relationship on a series of projects is the retainer. A retainer arrangement allows clients to pay a recurring fee to have continuous access to the services of a professional or firm, ensuring that they have dedicated availability for ongoing support, advice, or project work as needed. This model fosters long-term relationships, allowing both the client and the service provider to engage in a stable and productive partnership over time.

In a retainer structure, the professional is often able to work on multiple tasks or projects simultaneously under the same agreement, which can lead to more efficient planning and execution of ongoing work. This contrasts with other compensation methods that may be more transactional or project-based, such as hourly fees or per diem rates, which typically revolve around specific, discrete tasks or assignments and may lack the continuity that a retainer provides.