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When do I get paid as a contractor?

Follow the steps below to find information about your payment cycle. 

Step 1: Log into Skuad and navigate to 'My Profile'.

Step 2: Find the' Compensation Details' section in the 'Job Details' tab. Here, you can view your invoicing frequency, payment rate, and other relevant payment information.

Understanding Payment Schedules and Processes

In Skuad, payment cycles can vary depending on the contract type and the specific agreement with the client. Generally, payments can be made weekly, every alternate week, semi-monthly, or monthly. The specific payment dates are determined based on the contract's start date. For example, if the contract starts on the 1st of the month and the payment cycle is every alternate week, the first payment would be due on the 14th, followed by the 28th, and so on.

  1. Fixed Contracts

For Fixed Contracts, the payment amount is consistent across each payment cycle. These payments can be scheduled weekly or monthly, based on the contractor's and client's preferences.

  1. Pay-As-You-Go Contracts

Under the Pay-As-You-Go model, payments are made based on the number of hours or days worked. This type of contract allows for weekly or monthly payment cycles, aligning the payment frequency with the amount of work completed.

  1. Milestone Contracts

Milestone Contracts facilitate payment upon completing specified tasks or milestones within a project. Payments are released as each milestone is achieved, aligning financial compensation with project progress.

Invoice Submission and Processing

To ensure timely payments, contractors are advised to submit their invoices at least 3 days before the payment due date. The platform also sends contractors reminders to raise their invoices.

Late Payments

While Skuad strives to process payments promptly, occasional delays may occur due to banking processes and conditions. In such cases, you will be informed about the delay. If  you experience unexpected delays or have concerns regarding payment, feel free to raise a ‘Help Request’.

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