When do I need to make payments for a monthly contractual engagement?

Once you have finalized the Data Expert you want to work with, the expert and you will need to agree on a detailed project scope comprising of the total number of hours, days, Weeks or months that the project will be based on. 

• After receiving the project scope from the data expert, you must approve or request revision of the Project Scope. To approve the project scope, you will need to make an advance payment of the first period of the contract (Example: If the project is for 6 months, you will need to pay for the first month). This payment will be held in the Econolytics Escrow and only released to the expert after the completion of the period. Till the project scope is not approved, the contract doesnot start.  
•  Thereafter, within 6 (six) calendar days of the commencement of each period of the Contract Schedule, you must make the payment of the agreed-upon Data Expert Fees for the continuation of the contract for the next period or cancel the contract for the next period.
• If no action taken in these 6 (six) days, the contract will be cancelled and the data expert will not work on the contact going forward. 
• The work of the data expert would deemed to be approved upon the completion of each period of the Contract Schedule and payments will be released to the Expert accordingly.