Practical Easy-To-Apply Intelligent Socio Technical Solutions To Enhance Productivity In Difficult To Produce Complex Assets
SOCIO TECHNICAL SOLUTIONS: TECHNOLOGIES  + PROCESSES + COMPETENCIES
Practical Easy-To-Apply Intelligent Socio Technical Solutions To Enhance Productivity In Difficult To Produce Complex Assets
SOCIO TECHNICAL SOLUTIONS: TECHNOLOGIES  + PROCESSES + COMPETENCIES
Consulting Contracts
(Lump Sum, Time Based, Success Fee and Indefinite Delivery)
Lump Sum
Used mainly for projects or assignments in which the customer has precisely specified the content and length of the services. Therefore, it is possible to agree on a viable scope of work and required resources .
Time Based
We provide services based on actual execution time and quality specifications. The customer will agree on consultant staff unit price and a time sheet report for reporting and recognizing actual time spent in executing the assignment. The customer will also pay for reimbursable travel and expenses costs.
Success Fee
We recommend these contracts when supporting sale or acquisition of assets. We first agree on a Quality and Cost-Based Selection (QCBS) method, then we quote a success fee that is approved by the customer and that is fixed in advance. The customer pays the success fee as a lump sum. The success fee should use a clear scope of work and duration of the assignment; otherwise, we recommend a time-based remuneration.
Indefinite Delivery
These are contracts in which the customer requires an individual, the whole consulting firm or a consortium for a specified period (usually half a year to three years) to undertake tasks as and when the need arises. The specific workload is unknown at the outset. The customer has already identified the need to receive support in a particular knowledge area.
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