re: "I was just notified that a benchmark was reached. Since I've only worked on a complete projects basis, how will this work?"
David: I wonder if you are using some terms in ways that we are unaccustomed to.
Are you asking about the payment schedule for when money will become available to you when you work on a fixed-price or hourly contract?
This is known as the "Weekly Billing Cycle," and you can read more about it here: