A contract defines how the project is priced and how hours are budgeted. Without a contract, the timesheet cannot calculate budget versus spent hours.
There are two contract types:
- Hours & Tariff — you agree on a fixed number of hours and an hourly rate. Budget = hours × rate.
- Fixed Price (Weekly Hours) — you agree on a fixed total price and a weekly hours commitment. Hours over the contract period are estimated from the weekly commitment and working days.
A project can have multiple contracts (e.g. for different phases or resources).