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Logging for a fixed amount

jchess
Active Member
James H Member Since: Nov 9, 2018
1 of 4

I am working on a project that involves a payment previously agreed upon. Because I will be paid the same amount regardless of the amount of time I commit to the project does the time need to be logged?

petra_r
Community Guru
Petra R Member Since: Aug 3, 2011
2 of 4

@James H wrote:

I am working on a project that involves a payment previously agreed upon. Because I will be paid the same amount regardless of the amount of time I commit to the project does the time need to be logged?


 That depends on whether it is indeed a fixed price contract.

Is it?

If yes, is the first milestone funded to the agreed amount?

jchess
Active Member
James H Member Since: Nov 9, 2018
3 of 4

It is a fixed price contact. The first milestone is funded to the agreed amount.

petra_r
Community Guru
Petra R Member Since: Aug 3, 2011
4 of 4

@James H wrote:

It is a fixed price contact. The first milestone is funded to the agreed amount.


 Then there is no need to track time and no benefit to doing so. In fact the latest versions of the tracker don't even allow tracking on fixed rate contracts, the contracts don't show to track on.

 

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