Jan 17, 2014 01:59:31 AMEditedOct 30, 2014 04:44:18 PMbyPoonam S
Freelancer is still vulnerable in new system as he is in current system as -
1. Freelancer will get paid only after client approves work.
2. Client can demand unlimited revisions on work. If he is still not satisfied he will ultimately reject freelancers work and will not pay him.
3. Milestones should be set by both parties involved, not just the client.
The only plus point seems to be that IF client is unresponsive the Freelancer can automatically get paid for work submitted.
Jan 17, 2014 04:21:21 AMEditedOct 30, 2014 04:44:21 PMbyBojana D
Scope creep boom incoming.
That's really not the way the "escrow"(ish) system should work. Instead of making the fixed price project more secure for both parties, you're favouring the client again. This leaves freelancers even less room to negotiate their own terms of payment and task scope.
Jan 17, 2014 06:19:26 AMEditedOct 30, 2014 04:44:23 PMbyKunal M
It seems like day by day client is becoming king. I always take upfront because of my high reputation and amount of work i have done. Maximum client dint bother to send me upfront even if i demand 100% also. But now client have full right to exploit contractors, they will demand unnecessary changes if they want to scam contractor and eventually , they will say he/she is not satisfied. And contractor will get nothing. Only 1 plus point for contractor 14 day automatically released escrow amount.
Feb 3, 2014 06:26:46 PMEditedOct 30, 2014 05:12:25 PMbyDonna B
This will make doing fixed price work much easier to put work into a project without asking for an upfront % to cover some work time.
What I have found with fixed price work - hidden agenda's from the client.
I always have them list item by item what needs to be done and work off only that list and remind them of the list when they stray.
I also break the amount they want to pay into estimated hours, I simply divide their dollar amount by my hourly on oDesk. I give them a limit on how many hours I will put into the job for the dollar amount and track my time. Everything is agreed on before accepting the contract.
Feb 12, 2014 11:44:15 PMEditedOct 30, 2014 05:25:09 PMbyTracy M
As a contractor who was not paid for a job a couple of months back, despite numerous attempts to contact the client by myself, and oDesk, this is a great move in my opinion. All of my work is fixed rate, and it gives me a feeling of security to know that someone can't just disappear without paying for work.