Finished first fixed-price project successfully - and now?

[d78de05e]

Hello everybody, I have a general question about the process after completing a fixed-price project. 

I completed the project, the client is happy and approved the milestone, the fund are being released to me. The contract is still open. Will this project now show up as completed on my profile, or does it show as not-completed? Do I need to manually end the contract? Should I wait until I have actually received the payment? 

Thank you!

[AveryO · Accepted solution]

Hi Taya, 

When you end fixed-price contracts, funds in escrow will be automatically released back to the client. Make sure that you have received the payment in your account before ending the contract. You may read more about it here. 

As for closing the contract, the party that closes the contract is automatically asked to leave feedback for the other party. The other party will be notified to leave feedback within 14-days. Here's more information about leaving feedback on an ended contract.

[d78de05e]

Thank you very much!

[christopherbudde]

Congratulations on your first contract but don't be so quick to close it. I have dozens of open jobs. It's easier for my clients to return. Hourly is best for this but fixed price jobs just need a new benchmark. JMHO.