Billing Types

To ensure the Users experience an efficient and collaborative relationship, we have designated seven different billing types from which the Users may select:

  • Hourly Rate - allows for the Buyer to structure the performance of the project according to fixed hourly rate, as applied to the total number of hours required to perform the project and arrive at the Deliverables. 
  • Daily Rate - allows for the Buyer to structure the performance of the project according to fixed daily rate, as applied to the total number of days required to perform the project and arrive at the Deliverables. Unless otherwise agreed upon, the Daily Rate shall assume the Provider commits 8 hours per day toward accomplishing the Deliverable.
  • Weekly Rate - allows for the Buyer to structure the performance of the project according to fixed weekly rate, as applied to the total number of weeks required to perform the project and arrive at the Deliverables.  Unless otherwise agreed upon, the Weekly Rate assumes 40 hours worked per week, prorated for any holiday or other agreed upon day off.  Should the project end before the full completion of a week, the rate will be prorated in a manner that divides the Weekly Rate by 5 and applies that rate to the days performed. 
  • Monthly Rate - allows for the Buyer to structure the performance of the project according to fixed monthly rate, as applied to the total number of months required to perform the project and arrive at the Deliverables.  Unless otherwise agreed upon, the Monthly Rate assumes 160 hours worked per month, prorated for any holiday or other agreed upon days off, and to be prorated based on the project’s completion prior to the expiration of the final month. 
  • Deliverable - allows for the Buyer to structure the performance of the project according to fixed rate, due and payable upon completion of the project and acceptance by the Provider. 
  • Milestone - allows for the Buyer to structure the performance of the project according to fixed and agreed upon milestones. 
  • Fixed Fee - allows for the Buyer to structure the performance of the project according to a fixed fee that is due either before the project begins, or upon the project’s completion.
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