Creating a Fixed Price Contract on Upwork

Setting up a fixed price contract on Upwork is fairly straightforward! Here’s how to do it:

Step 1: Agree on Project Details

Generally, before setting up any contract, there should be an agreement on project details. This includes scope of work, deadlines, and cost of the total project. This sets the groundwork for a fixed price contract.

Step 2: Create Contract

After all the details are settled, you can then proceed to create the contract:

• In your Upwork dashboard, go to the ‘Jobs’ tab.
• Click on ‘Post a Job’.
• Choose ‘Fixed-Price’ when prompted to choose a job type.
• The next steps involve detailing the project, including its visibility, title, category, and description.
• Additionally, you’ll have to set the budget for the project. This budget stands as the total cost of the project.

Step 3: Freelancer Agreement

Once you’ve posted the job, freelancers can apply for it. When you decide on a freelancer to hire, you can send them a proposal.

• This proposal will detail the total project price based on your prior discussion with the freelancer.
• The freelancer will either accept, decline, or negotiate this proposal.

Remember: Always remember to break down the project and payments into milestones. This way, both you and your freelancer can monitor the progress of the project. This too, helps protect both parties in case of disputes.

Step 4: Start the Project

Once the freelancer agrees and accepts the proposal, the contract is set, and the project can begin! It’s always good practice to maintain good communication with your freelancer throughout the project duration.

Important:

Always provide clear and detailed project requirements to have a smooth project flow. Also, funds for a fixed contract should be deposit into Upwork’s escrow service. Funds are then released to the freelancer upon completion of each milestone or project completion.

Note: Upwork charges a standard 2.75% fee to process payments on fixed-price contracts.