To create a fixed contract on Niural, you must first log in to your employer account.
To hire a contractor on Niural, locate the "Hire" tab under "Contractors" on the left-hand side of the home page and choose from these options:
- Generate or Upload a contract
- Use Niural Armor
Select Fixed Contract
Select “Fixed Contract” as your contract type. You can also create Pay as you go or Milestone contracts on Niural.
A fixed rate contract is an agreement where both parties decide on a predetermined base rate. This base rate remains consistent for each pay cycle.
Fill contract information
Complete essential details such as Contract name, Contractor name, Email, Address, Job Title, Scope of work, and Contractor start date.
Set Payment details
Next, select the payment currency and frequency: Semi-monthly, or Monthly.
- Semi-monthly: For semi-monthly payments, select the 15th and the last day of the month or two specific dates as payment due dates.
- Monthly: For monthly payments, choose either the last day of the month or any other specific date as the payment due date.
Enter the end date for the invoice cycle and the payment due date.
When configuring the first payment, you have the following payment options to choose from:
Full: The contractor will receive the full amount as the initial payment, irrespective of the start date.
Custom: You can enter a specific amount for the first payment.
Prorated: The first payment will be calculated based on the number of working days between the start date and the beginning of the payment cycle.
Upload your contract/Generate a contract
The next step after setting your payment preferences is either upload your existing contract, or generate a compliant contract from Niural.
If you are using Niural Armor, this is the step where you will be able to see the master services agreement.
Special clauses and additional documents can be added in this section.
Review and Confirm
Next, you will be required to review all the details you have entered for the contract. Once you have ensured that all details of the contract are correct, sign the contract.
Send for Signature
Send the signed contract over to the contractor so that they can countersign it. To ask your contractor to countersign your contract, all you need to do is enter their email address.
You will be notified once the contractor countersigns the agreement.