Nov 29, 2021 07:27:30 PM by Ofure O
Hello,
Please I'll like to know if it's possible for a client to update a milestone and add more funds to the amount in Escrow after the milestone has already been created.
The client has agreed that the amount can't fund the work and more funds have been provided by the NGO. Is it possible for the client to add more funds to the already created milestone? I don't want to do all the work, then the client only pays the funds currently in the milestone instead of the complete amount as agreed.
Please advise me. Thank you!
Solved! Go to Solution.
Nov 29, 2021 08:41:15 PM by Petra R
Ofure O wrote:Thank you. Please can the new milestone be created and funded before the first milestone is approved?
No. (creates, yes - funded, no)
But what the client can do is release 1 Dollar for the 1st milestone, and then set up a new milestone to the agreed new value, which will be funded partly from what's left in escrow and partly charged to the client's payment method.
So, if there are currently $500 in escrow and the new agreed total is $1000, the client releases $1.
Then the client sets up milestone two for $999 - this funds $499 from escrow and charges $500 from the client's payment method.
Nov 29, 2021 08:30:19 PM by Pradeep H
Hi Ofsure,
Thank you for your message. Clients cannot update the active milestone but they can issue a bonus payment for any additional work or create a new milestone for additional work.
Thank you.
Pradeep
Nov 29, 2021 08:32:49 PM by Ofure O
Thank you. Please can the new milestone be created and funded before the first milestone is approved?
Nov 29, 2021 08:41:15 PM by Petra R
Ofure O wrote:Thank you. Please can the new milestone be created and funded before the first milestone is approved?
No. (creates, yes - funded, no)
But what the client can do is release 1 Dollar for the 1st milestone, and then set up a new milestone to the agreed new value, which will be funded partly from what's left in escrow and partly charged to the client's payment method.
So, if there are currently $500 in escrow and the new agreed total is $1000, the client releases $1.
Then the client sets up milestone two for $999 - this funds $499 from escrow and charges $500 from the client's payment method.