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.