A contract is an agreement created when an offer is accepted by a freelancer from a client.
Hourly
These contracts utilize the goMeter, an automated time-tracking system that captures random screenshots every 10 minutes. This tool provides clients with transparency into freelancer progress while streamlining the billing cycle. Clients can review all tracked hours; if no disputes are raised, payments are automatically processed and released.
Fixed Price or Milestone
These project-based contracts allow clients to define and fund specific deliverables, known as milestones. Each milestone follows a structured lifecycle to ensure transparency and accountability:
- Unfunded: The milestone awaits funding from the client to begin.
- Not Started: The milestone is funded, but work has not yet commenced.
- In Progress: The freelancer is actively working on the deliverable.
- Review Pending: The freelancer has submitted the work for client evaluation.
- Completed: The client has approved the submission, and funds are released to the freelancer.
Creating milestones is easy. Just select a title, enter the budget, and add your requirements to get started.
Scheduled Payments
Simplify your payroll with scheduled payment rules. This feature gives you full control over your budget by allowing you to set the payment amount, frequency, and active dates for each contract. Once configured, payments are released automatically according to your schedule.
Need Help? We hope this guide was helpful! If you have questions or need additional assistance, please contact our support team through the goLance chatbot. Our team is happy to provide further guidance.