I started a per hour base contract with a client. After some time, we decided to move to a milestone based project. I proposed the project and the client said he already accepted it, and even put money on the escrow for the first milestone, but our contract has not been updated. It has been more than one day now.
Can anybody help us with that?
Please know, it's not possible to change a contract's type. I can see you were able to create a new Fixed-Price contract with your client. Feel free to end your Hourly contract and continue working with the Fixed-Price one.