Air travel – Lowest unrestricted coach fare.Reimbursement for reasonable and actual expenses shall be made in accordance with the following rates: In no event, however, shall the Consultant perform or receive compensation for: (a) additional services not set forth in the Statement of Work without a formal, bilateral modification to the Statement of Work encompassing such additional services (b) services involving contingency payments prohibited by any applicable law, regulation, or the Company’s contract or (c) services rendered that result in billings to the Company that are in excess of which is the total ceiling value or not-to-exceed (NTE) value for this Agreement.Ĭonsultants are often required to travel as part of their work, and you can include a section in your contract covering reimbursement for project-related travel, meals, transportation, and accommodation.Īll reimbursable expenses must be pre-authorized by the Company in writing. In consideration for Services rendered and upon the submission and approval of monthly invoices, the Company shall pay the Consultant at the rates or in accordance with the milestone payment schedule set forth on purchase order(s) issued by the Company or in the Statement of Work.
You can choose a monthly retainer for services, an upfront deposit with the remainder due on completion of deliverables, a fixed fee for each specific project, or an hourly rate. You may decide to handle payment in a number of ways.
Compensation & PaymentĬompensation and payment can be adjusted according to how much time the project will take, the resources involved, and the overall complexity. The term of this Agreement shall commence on the Effective Date and continue until unless otherwise modified by mutual, written agreement of the parties or terminated as set forth herein. Time is of the essence for this Agreement and any purchase orders and/or statements of work issued hereunder. The Consultant shall provide the Services as requested and by the scheduled completion dates set forth in the Statement of Work or the terms of any purchase order. Services shall be ordered when the Company issues purchase orders and/or statements of work that include this Agreement by reference or are otherwise added by modifications to this Agreement as defined herein. The Company hereby engages the Consultant to render independent consulting services (“Services”) as set forth in the Statement of Work in Attachment 1 and other statements of work that may be added by way of modification to this Agreement (“Statement of Work”), all of which are incorporated in and form a part of this Agreement. NOW, THEREFORE, in consideration of the foregoing recitals and the terms, conditions, and covenants contained herein, it is hereby agreed as follows: 1.
It serves as a method to modify details of service should circumstances change, and all parties must sign off on the modifications. The description of services set out below is a summary, but the details of services are spelled out in the attachment. Attachment 1 is an important addition to this contract.