Jun 2, 2020 06:44:53 AM Edited Jun 2, 2020 06:52:19 AM by Gurjeet S
Client keeping escrow money less than proposed, but said will release the entire amount at the end of the contract.
Eg, we proposed 80$, the client agreed to it, but keeping escrow money in the contract only 10$, saying will release the payment once all work done.
Shall I accept the proposal, is it safe? shall I take any other precautions?
Thanks
Gurjeet
Jun 2, 2020 06:55:27 AM Edited Jun 2, 2020 06:57:01 AM by Preston H
Don't let this client disrespect you.
You need to specify a task, and the cost for that task. And the client needs to fund an escrow payment fully for that task.
A promise to pay you at the end is irrelevant.
If your fee for doing "Task X" is $80, then the client fiunds an escrow payment for $80, and then you do the task and submit it. And then the client releases the $80 payment to you.