Freelancers can now change their bids after they accepted a fixed project. That’s right! They can edit the bid amount and time frame until they come to a final agreement with their employers.
What’s in it for freelancers and employers?
With this neaping the review stage done with customer support. Freelancers just need to submit a form, and employers can accept or reject the proposed changes.
Freelancers can change the bid amount regardless of the project budget. If the new bid amount is lower than the original bid, there will be no fee adjustment. However, if the new amount is greater than the previous bid, the fees charged on acceptance will be adjusted to match the new value of the bid. Modified fees are dependent on the new bid amount and the freelancer and employer memberships.
Below is an illustration of fee adjustments if the new bid amount is higher than the previous bid. In the given example, the freelancer and employer have Basic Membership with 10% and 3% project fees respectively. They will be notified of the new fees before the employer accepts or rejects the modification.
Read on to know how this new feature works for freelancers and employers.
How to request for change of bid amount and time frame
The freelancer can click “Request Edit” on the upper right hand corner of the page. Enter the new bid amount and time frame, then click “Submit Request”.
If the new bid amount is higher than the previous one, the freelancer will be advised of the additional fee that will be charged to them the confirmation modal displaying the additional fee that will be charged upon approval of request.
If the new amount is less than the original bid, the freelancer will see this:
Once submitted, the employer will get the request notification and the freelancer will just wait for the former’s response. Note that before submitting a request to edit the bid, it’s important that the freelancer notify the employer first. Use the chatbox for faster communication.
Once the employer accepts the request, the freelancer will be notified in two ways:
1. Via the newsfeed
2. Via email
How to respond to an edit bid request
When a freelancer sends a request to edit the bid details, the employer will be notified in three ways:
1. On the project view page
2. On the newsfeed
3. Via email
When a freelancer submits an edit bid request, the employer will see this form on the project view page.
If the new bid amount is greater than the previous one, the fee will be charged immediately after accept.
If the new bid amount is lower than the old one, there won’t be a fee adjustment.
Request declined When the employer declines the request, no changes will be made on the bid.
Once the entire process is completed, the revised bid details are displayed on the project view page.
Additional transaction fees can be monitored in the financial dashboard. They will be marked as ‘Additional Project Fees’.
Tell us what you think of this new feature. Feel free to join the conversation in the comment box below.