Nat the Bat

elance, elance guide

many people ask the question what is elance? elance is a virtual workplace where freelancers meet with their employers to get some work done.

How does elance for Contractors:

Once the contractors have placed their bids, clients choose the best possible bid according to individual criteria. It is either the quality of previous work or the quantity of work, in other words experience in the desired area which will help choose the winning bidder over other bids. Once your bid has been selected as the winner, an agreement is drafted by elance between the buyer and the contractor. The agreement includes points like the work that has to be done; the date at which it should be completed and the amount of money involved that is to be paid to the contractor. Both parties can also agree on milestone payments. These are the payments that are released to the contractor once he completes a particular phase of the project. This method provides safety to the contractor as he does not have to wait till the end of the project to get paid. This also minimizes the chance of the employer running away with th work and not paying the contractor. Once the job is completed, the employer can release the funds of the contractor and finish the project. At this stage, the buyer and the contractor can give each other feedback of the project. This feedback is very important for both the buyer and the contractor. For the buyer, a good feedback will show that he can be trusted while a good feedback for the contractor proves that this worker is skillful and professional.