Hi, I received a job offer from a client after we agreed on a fixed amount of $120. When I received the offer, the funded amount was for $0.01 wih the following message indicated: "The fixed amount/ fee of $120 to be paid immediately after the completion of the project. " I am hesitant to accept, is this ok? I have never encountered this issue before. Thanks in advance!
Nope no way. I wouldn't accept unless it is fully funded.
You are very welcome. Escrow is there to protect both you and the client. With only $0.01 funded, if you turn in the work they can run away with it and all you will get is the penny.
The client GETS ALL THEIR MONEY BACK if the contractor doesn't do the work.
The money doesn't get released to the contractor until the contractor submits the work.
So there is NO REASON for a client to not fully fund fixed-price milestones.
A contractor SHOULD NOT expect to get paid anything beyond the amount funded.
So there is no such thing as dollar amounts that have been "agreed upon" or "discussed" or are the job's posted "budget". That is all meaningless.
Recently, we hosted an event with Upwork's Engineering Lead, Mike Maietta. In this event, we introduced this new tool, and Mike demonstrated how to use it and answered questions.Learn More
Upwork partnered Red Bay Coffee and artists commissioned from our own platform to bring the Wake and Make blend to life. We asked the creatives to share their freelancer journeys.Learn More
Virtual Talent Bench enables you to easily discover and connect with talent. Learn more about building custom lists of talent, adding tags, notes, and more to move your business forward.Learn More
Loom addition in messages provides more ways to easily communicate and share information on Upwork!Learn More