Paid projects on Contra offer a streamlined and efficient way for clients to work with contractors, ensuring transparency, accountability, and ease of payment. Whether you're embarking on a one-time collaboration or setting up a recurring project, Contra provides the tools you need to manage your projects effectively. Here's what you need to know:
Invoice Billing Project Structures
- Fixed invoicing billing: Best for long-term collaborations with no defined end date. Invoices automatically generate weekly, bi-weekly, or monthly.
- Hourly invoicing billing: Best for long-term collaborations with no defined end date. Contractor’s submit hours work which generate a payable invoice.
For invoice billing projects clients pay $29 per month per contractor.
Project fees are waived on the Build and Grow plan.
Escrow Project Structures
- One time fixed: Ideal for single projects with clear start and end dates where clients want to pay a fixed amount.
- One time hourly: Ideal for single projects with clear start and end dates where clients want to pay based on hours worked.
- Milestones: Perfect for projects with multiple phases or checkpoints. Payments are made for each milestone completed.
For escrow project clients pay a one-time fee of $29 per project.
Project fees are waived on the Build and Grow plan.
Benefits of Paid Projects
- Compliance: Paid projects ensure compliance with legal requirements, providing contractors and clients with a secure framework for their collaborations.
- Dispute Assistance: Contra offers dispute resolution assistance throughout the project lifecycle, ensuring fair outcomes for all parties involved.
- Commission-Free Payments: You can make payments to contractors without incurring any commission fees, allowing contractors to keep 100% of their earnings.
Working with Contractors
- You can choose to work with contractors already on Contra or invite external collaborators to join the platform.
- Contractors receive payments securely through Contra's payment system, which supports various payment methods and currencies.
Project Management
- You can manage all aspects of your projects, including milestones, deliverables, and payments, within Contra.
- The platform facilitates communication between clients and contractors, ensuring clarity and accountability throughout the project lifecycle.
In summary, paid projects on Contra offer a comprehensive solution for clients seeking to collaborate with contractors effectively.