Personally, I'd prefer that more work was done, then funded, when possible. With "proposed" work, there is always a higher risk that the work will never be done. But for a lot of people, getting paid after the work is done isn't an option, of course.
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Thank you. Paying for work already done as apposed to funding something that may not deliver (the final say so could well be out of the hands of the worker e.g. Exchange listings) make far more sense to me.
Who wouldn't opt for this as a business if they could!?