🐈
» Forums » New to Upwork » Re: Payment
Page options
30b9580f
Community Member

Payment

which is better milestone or fixed?

3 REPLIES 3
prestonhunter
Community Member

re: "which is better milestone or fixed?"

 

Hina:

 

The word "milestone" refers to a single milestone within a fixed-price contract.

 

A milestone is one step, with a specified amount of money funded in escrow - an amount of money the freelancer is paid once that step is completed.

 

A fixed-price contract may have one or more than one milestones.

 

When people ask the question about "which is better," they often are asking about which of the two main contract models is better. The correct phrasing of the question is:

 

"Which is better, fixed-price or hourly?"

 

For the answer to that question, you may read here:

 

https://community.upwork.com/t5/Freelancers/Fixed-price-vs-hourly/td-p/686298

 

https://community.upwork.com/t5/Freelancers/Poll-Hourly-Vs-Fixed-Price-which-do-you-prefer/td-p/2940...

 

https://community.upwork.com/t5/Freelancers/Fixed-price-vs-Hourly/td-p/239542

 

https://community.upwork.com/t5/Freelancers/FIXED-PRICE-VS-HOURLY/td-p/99686

martina_plaschka
Community Member

Milestone = fixed. 

JoanneP
Moderator
Moderator

Hi Hina,

 

Milestones are used to divide fixed-price jobs into a series of phases, due dates, or deliverables. You might want to read this help article for more information. To learn more about Hourly and Fixed Price contracts, please read more about it here

~ Joanne
Upwork
Latest Articles
Featured Topics
Learning Paths