What is a fixed-price contract?

For Clients
Creating an offer:
• Negotiate a non-binding bid for the full project or break it up into milestones.
Working on a contract:
• Funds are deposited into escrow. You review and release payment for a series of milestones as they are submitted.
Protection:
• Covered by Translance Fixed-Price Protection.
Payment:
• You submit deposits into escrow to be released at the completion of a milestone or project.

For Freelancers
Creating an offer:
• Negotiate a non-binding bid for the full project or break it up into milestones.
Working on a contract:
• You complete and submit a series of specified milestone deliverables to the client.
Protection:
• Covered by Translance Fixed-Price Protection.
Payment:
• Jobs are paid into escrow and released at the completion of a milestone or project. Funds become available after a security hold period. The payment day is every Wednesday after the payment request is sent to the admin of the Translance via  the setting> get payment.


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