Definition
Paying for a service engagement in parts, each released when a defined deliverable is accepted against written criteria, instead of paying everything upfront or at the end.
Why it matters
Milestones tie payment to progress and limit what either side can lose if an engagement goes wrong. They work best with specific deliverables and written acceptance criteria.
What to check
- Tie each milestone to something you can verify, such as a deployed program or a delivered report.
- Keep the first milestone small, so both sides can build trust.
Related terms
- EscrowAn arrangement where funds for a piece of work are held by a neutral party or smart contract and released to the provider when the work is accepted, with an agreed process if it is disputed.
- Success feeA fee paid only when an engagement is completed.
- Verified provider (Orivions)A service company on Orivions whose identity, portfolio, services and price ranges were checked by a person at Orivions before it was marked Verified.
Guides
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