Milestones are important points in the life of the project. JoomLancers’s Project Agreement feature allows you to create individual milestones where you can negotiate deliverables, delivery dates and payments for a project. Buyer and service provider must include the payment amount associated each of the milestones. If the buyer and service provider decide that entire payment should be made on final delivery of all items, only enter in the final milestone and the full payment amount. Regardless of how you set up the milestones, the final amount listed must be equal to or greater than the bid amount.
JoomLancers’s milestone feature allows you to add unlimited milestones. If you have deliverables that are not associated with a payment, you will want to include those in the Statement of Work (SOW) within your contract, and upload them to your Private Message Board (PMB).
Examples of milestones:
| Logo design example: | Delivery Date | Amount |
|---|---|---|
| Milestone 1: Start fee deposit | (today’s date) | $75 |
| Milestone 2: 6 concepts | 10 Nov 2006 | $75 |
| Milestone 3: 1st Revision of chosen concept | 15 Nov 2006 | $75 |
| Milestone 4: 2nd Revision of chosen concept | 20 Nov 2006 | $75 |
| Final: Delivery of final print-ready files | 24 Nov 2006 | $100 |
| Total: | $400 |
| Microsoft Access example: | Delivery Date | Amount |
|---|---|---|
| Milestone 1: Initial schema design | 10 Nov 2006 | $200 |
| Milestone 2: Implementation | 15 Nov 2006 | $200 |
| Milestone 3: QA | 24 Nov 2006 | $200 |
| Final: Release/Final Product | 30 Nov 2006 | $200 |
| Total: | $800 |