{"id":31038,"date":"2023-04-25T17:26:17","date_gmt":"2023-04-25T23:26:17","guid":{"rendered":"https:\/\/www.cadcrowd.com\/blog\/?post_type=kb_article_buyers&#038;p=31038"},"modified":"2023-04-25T18:36:13","modified_gmt":"2023-04-26T00:36:13","slug":"hourly-vs-fixed-rate","status":"publish","type":"kb_article_buyers","link":"https:\/\/www.cadcrowd.com\/help\/buyers\/hourly-vs-fixed-rate\/","title":{"rendered":"Hourly vs. fixed-rate job contracts"},"content":{"rendered":"\n<p>When you hire an expert on the platform, you can choose between two types of job contracts:<\/p> <ul class=\"wp-block-list\">\n<li><strong>Hourly job contact:<\/strong> With the fixed-rate contracts option, you agree to compensate your expert based on an hourly rate (starting from $8.00\/hr USD) for the work performed on your project. The hourly rate is negotiable and is discussed when you interview an expert.<\/li> <li><strong>Fixed-rate job contract:<\/strong> Fixed-rate contracts involve paying your expert a single, predetermined rate for your entire project. Experts share a negotiable quote for your project (minimum of $25.00 USD) when you interview and make hiring decisions. In addition, you can break fixed-rate job contracts into smaller milestone payments when specific tasks are completed.<\/li>\n<\/ul> <hr class=\"wp-block-separator has-alpha-channel-opacity\"\/> <p class=\"has-text-color\" style=\"color:#0000008a\"><strong>\ud83d\ude80 In this article <\/strong><\/p> <hr class=\"wp-block-separator has-alpha-channel-opacity\"\/> <h2 class=\"wp-block-heading\">How hourly job contracts work<\/h2> <p><strong>Hourly job contracts:<\/strong> Experts use the <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/hourly-projects-with-the-cad-crowd-timer\/\" title=\"\">Cad Crowd Desktop App<\/a><\/strong> to track their working hours and timesheets. You can keep an eye on the progress of your expert by reviewing their <a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/work-journal\/\" title=\"\"><strong>Work Journal<\/strong><\/a>. You can negotiate a refund with the expert if you feel certain billable hours are unjustified.<\/p> <ul class=\"wp-block-list\">\n<li><strong>Manual time:<\/strong> You can allow experts to <a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/manual-time\/\" title=\"\"><strong>add manual time entries<\/strong><\/a> to timesheets.<\/li> <li><strong>Weekly limit:<\/strong> You can establish a <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/limit-hours\/\" title=\"\">weekly billable time limit<\/a><\/strong> for work hours to manage your costs.<\/li>\n<\/ul> <h2 class=\"wp-block-heading\">How fixed-rate job contracts work<\/h2> <p><strong>Fixed-rate job contracts:<\/strong> Under a fixed-rate contract arrangement, you and the expert choose specific <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/milestones\/\" title=\"\">project milestones<\/a><\/strong> that serve as the framework for your project. Your contract can include a single payment or divide the job into several tasks, each with a separate payment milestone. For secure payment, you deposit the funds for each milestone into Cad Crowd&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/escrow\/\" title=\"\">escrow account<\/a><\/strong>. You can check your expert&#8217;s work before authorizing the release of any payment milestones in progress.<\/p> <ul class=\"wp-block-list\">\n<li><strong>Milestones:<\/strong> During the fixed-rate contract, if circumstances necessitate, you can <a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/add-edit-milestones\/\" title=\"\"><strong>add, remove, or update milestones<\/strong><\/a> as needed.<\/li>\n<\/ul> <h2 class=\"wp-block-heading\">The billing period for hourly and fixed-rate job contracts<\/h2> <p>Payment flow for hourly and fixed-rate job contracts: <\/p> <ul class=\"wp-block-list\">\n<li><strong>Hourly job contracts:<\/strong> The billing period for hourly job contracts <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/hourly-job-payments\/\" title=\"\">occurs weekly<\/a><\/strong>. Experts track timesheets for the week, with the weekly work period ending on Sunday night (11:59 p.m. \/ UTC timezone). The timesheet hours are automatically billed to you every Monday, and you have until the upcoming Friday to examine the expert&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/work-journal\/\" title=\"\">work journal timesheets<\/a><\/strong> and <a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/hourly-refunds\/\" title=\"\"><strong>submit a dispute<\/strong><\/a> if needed. The payment is subsequently released to the expert on the next Wednesday.<\/li> <li><strong>Fixed-rate job contracts:<\/strong> Milestone payments for fixed-rate job contracts are deposited into the job&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/fixed-rate-transactions\/\" title=\"\">escrow account<\/a><\/strong>. The escrow account balance is then released upon completing a milestone or project. When an expert delivers work corresponding to a milestone, you are given a 14-day window to approve the task or request modifications. The funds held in escrow are released to the expert upon your approval of the work.<\/li>\n<\/ul> <h2 class=\"wp-block-heading\">Cad Crowd Billing Security<\/h2> <p>Cad Crowd&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/billing-security\/\" title=\"\">Billing Security<\/a><\/strong> enhances the safety of payments on the platform, offering you and the expert the assurance and confidence to start a successful work collaboration.<\/p> <ul class=\"wp-block-list\">\n<li><strong>Hourly job contracts:<\/strong> You are protected by Cad Crowd&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/billing-security\/\" title=\"\">Billing Security<\/a><\/strong> for hourly job contracts<\/li> <li><strong>Fixed-rate job contracts:<\/strong> You are protected by Cad Crowd&#8217;s <strong><a href=\"https:\/\/www.cadcrowd.com\/help\/buyers\/billing-security\/\" title=\"\">Billing Security<\/a><\/strong> for fixed-rate job contracts<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When you hire an expert on the platform, you can choose between two types of job contracts: \ud83d\ude80 In this article How hourly job contracts work Hourly job contracts: Experts use the Cad Crowd Desktop App to track their working hours and timesheets. You can keep an eye on the progress of your expert by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","ep_exclude_from_search":false,"footnotes":""},"kb_topic_buyers":[537],"class_list":["post-31038","kb_article_buyers","type-kb_article_buyers","status-publish","hentry","kb_topic_buyers-post-a-job"],"aioseo_notices":[],"spectra_custom_meta":{"_edit_lock":["1682469401:1"],"_edit_last":["1"],"_aioseo_title":[null],"_aioseo_description":[null],"_aioseo_keywords":[""],"_aioseo_og_title":[null],"_aioseo_og_description":[null],"_aioseo_og_article_section":[""],"_aioseo_og_article_tags":[""],"_aioseo_twitter_title":[null],"_aioseo_twitter_description":[null],"_uag_css_file_name":["uag-css-31038.css"],"_uag_page_assets":["a:9:{s:3:\"css\";s:263:\".uag-blocks-common-selector{z-index:var(--z-index-desktop) !important}@media (max-width: 976px){.uag-blocks-common-selector{z-index:var(--z-index-tablet) !important}}@media (max-width: 767px){.uag-blocks-common-selector{z-index:var(--z-index-mobile) !important}}\n\";s:2:\"js\";s:0:\"\";s:18:\"current_block_list\";a:5:{i:0;s:14:\"core\/paragraph\";i:1;s:9:\"core\/list\";i:2;s:14:\"core\/list-item\";i:3;s:14:\"core\/separator\";i:4;s:12:\"core\/heading\";}s:8:\"uag_flag\";b:0;s:11:\"uag_version\";s:10:\"1777278263\";s:6:\"gfonts\";a:0:{}s:10:\"gfonts_url\";s:0:\"\";s:12:\"gfonts_files\";a:0:{}s:14:\"uag_faq_layout\";b:0;}"]},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"post-thumbnail":false,"sticky-post-thumbnail":false,"archive-post-thumbnail":false,"yarpp-thumbnail":false},"uagb_author_info":{"display_name":"MacKenzie Brown","author_link":"https:\/\/www.cadcrowd.com\/blog\/author\/mackenzie-brown\/"},"uagb_comment_info":0,"uagb_excerpt":"When you hire an expert on the platform, you can choose between two types of job contracts: \ud83d\ude80 In this article How hourly job contracts work Hourly job contracts: Experts use the Cad Crowd Desktop App to track their working hours and timesheets. 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