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What kind of Milestones should I provide on my Business Terms?
Milestones are important points in the life of the project. Elance's Business Terms feature allows you to create separate milestones that specify what will be delivered, when, and how much the provider will be paid. You can specify one or as many milestones as needed. If you have deliverables that are not associated with a payment, you will want to specify them in the Project Agreement section within the Business Terms.
Examples of milestones:
| Example: Logo design project | 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 |
| Example: Microsoft Access project | 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 |
For more information on how to manage your project, please watch the following Elance University video:
