TERMS
Contract Terms for Large Scale Banking Projects
These terms apply to projects requiring expertise in mainframe banking software in general or Alltel / Systematics / Fidelity software specifically.
Expenses
Typically, all travel expenses are passed directly to the client in addition to our hourly billing rate (see below). Travel expenses include lodging, car rental, per diem, and reasonable air travel (a minimum of two trips home per month).
Some of our clients prefer to negotiate an hourly rate that includes all expenses - in this case, expect to pay $40 more per hour than the rates quoted below.
Travel
Our partners are willing to travel, on a limited basis, to most sites in the U.S. or Canada.
We have experienced considerable success in working remotely from our office in Little Rock, Arkansas. Significant preference is given to projects that limit travel to less than 25% of the time, allowing our partners to work remotely from Little Rock.
We do charge for travel time.
Rates
Our rates vary depending on the requirements of the project, skills required, location and the length of the contract. We are willing to quote rates on either an "hourly" basis or a "professional day" basis. Either quote represents a 1099 tax structure.
Currently, you can expect a quote between 60 and 100 dollars an hour on an hourly basis or 600 to 1000 dollars per professional day, depending on the skill sets required.
Payment Terms
We invoice monthly throughout the project. Payment is expected within 30 days of invoice date. Payments not made within 30 days of invoice date are automatically assessed a 5% late fee and any remaining work is placed on hold until the account is brought current.
Contract Terms for Arkansas Small Business Projects
These terms apply to projects requiring expertise in small business systems such as the Microsoft Office Suite or Quicken.
Expenses
We do not bill for travel to client sites within an hour's drive from our office in West Little Rock.
We will negotiate travel arrangements with small business clients in other areas of the state, depending on the requirements of the project.
While we are eager to meet with you face to face and it is necessary to spend some time at your location in order to understand your business system requirements, we also will seek to minimize travel related expenses wherever possible using current technology.
Our partners are willing to travel to most sites in the U.S. or Canada in support of your project.
Rates
We quote small business projects on an "hourly" basis at a rate of $100 per hour, with a $2,000 minimum.
Payment Terms
Payment for small projects ($5,000 or less) is due 1/2 upon acceptance of project and the remainder upon delivery of service. For projects larger than $5,000 , we invoice every two weeks throughout the project.
Payment is expected within 30 days of invoice date. Payments not made within 30 days of invoice date are automatically assessed a 5% late fee and any remaining work is placed on hold until the account is brought current.
Post Project Support
We are happy to provide follow-up support or to help you resolve technical problems. We charge $100 per hour for either phone support or on-site support calculated in half hour increments with a 1 hour minimum.
