What are the different types of contractors that can be hired?

You can structure contractor engagements using one of the three distinct contract types available within the platform, each designed to suit different project needs.

1. Fixed Contract: This model is ideal for long-term or retainer-style arrangements. A consistent payment amount is agreed upon in advance, ensuring the contractor is paid the same amount each cycle, irrespective of time tracked.

2. Pay As You Go: Perfect for flexible, time-based work. Payments are based strictly on the actual number of hours or days worked, meaning the final amount will vary each cycle depending on the logged time.

3. Milestone Contract: Best suited for project-based or deliverable-driven engagements. The payment is directly tied to predefined, agreed-upon project milestones and deliverables.

Understanding these contract types allows you to select the precise engagement structure required for your project and organizational needs.