FEES:
We recognize that different clients have different needs, and that one fee structure does not meet the needs of all services. Below are methods used to determine our fees and terms of payment:
Proposal – Lump sum quote based on a “scope of service”.
Billable Hours – Hours billed working directly on services at an agreed rate. When practical a “not to exceed” number of hours are predetermined. Clients are notified when 90% of allowable hours have been expended.
Retainer Agreement: – An agreement when a client retains our services on a monthly or project basis, with a predetermined fee. Retainer Agreements can be ‘fixed’ or they can be ‘variable’:
Fixed Retainer Agreement is nonrefundable, and we do not bill the client if additional hours are required to complete the agreement.
Variable Retainer Agreement refunds to the client fees for hours not used under the agreement, however additional hours are billed if additional time required to complete the agreement.
TERMS OF PAYMENT:
Payments to TLM Professional Construction Services are required based on the methods described above .
Proposal: Invoice for service is sent, via email, within 1-2 days after services are completed followed by a mailed copy, net 30. Services requiring more then a two weeks commitment, require a 20%-50% deposit.
Billable Hour: A deposit of 20%-50% to procure services under this method is required. Remaining balance is billed monthly or final invoice is sent via email within 1-2 days after services are completed followed by a mailed copy, net 30.
Retainer Agreement: The retainer fee is due and payable prior to services being rendered. After receiving a signed agreement, an invoice is sent via email followed by a mailed copy. Agreements spanning more than one month will be invoiced monthly on the 25th, net 30. Unearned fees in the “Variable Retainer Agreement” will be provided as a credit for subsequent months, projects or refunded to the client.