Fixed-price contracts are the simplest and most common type of contract on UpWork. In a fixed-price contract, you and your freelancer agree on a price for the scope of work.
Once you award the contract, your freelancer gets to work. You pay the agreed-upon amount only once the work is completed to your satisfaction.
With a fixed-price contract, you know exactly what you’ll pay upfront. This makes fixed-price contracts ideal for well-defined projects with clear deliverables, timelines, and requirements.
If changes arise that impact the scope of work, you and your freelancer can discuss them and agree on any price adjustments before any additional work begins. Once both of you agree on the new price, you can add it to the original contract.
What Does It Mean Fixed-Price in UpWork?
A fixed-price contract on UpWork is an agreement between a client and a freelancer where they agree on a price for the scope of work. Once the contract is awarded, the freelancer gets to work and is paid the agreed-upon amount once the work is completed to the client’s satisfaction.
With a fixed-price contract, the client knows exactly what they’ll pay upfront.
If changes arise that impact the scope of work, the client and freelancer can discuss them and agree on any price adjustments before any additional work begins. Once both parties agree on the new price, it can be added to the original contract.
