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Contracts represent the time and expense billing terms you have signed with your clients. For example, will time be billed on a fixed price or on an hourly basis? Contract Types are a set of default contract terms you can apply to new contracts. Projector comes with a set of seven defaults. Your organization may have more depending on how they structure their contracts. Use this editor to model new or edit existing contract types. Changes made here only effect newly created contracts. Existing contracts are not modified.

When you create a new contract, the default type is determined by the engagement type. You can change the contract type from the engagement contract tab.

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Tip
titleAdditional Resources

Watch Projector Fundamentals: Measuring Profitability webinar [go to 12:20] to understand how different contract structures influence profitability.

In this webinar we talk about managing fixed price projects.

The contract types editor is reached from the Administration Tab |  Job Accounting Heading | Contract Types blue dot.

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