If you have a services-based business strategy or model, a professional services invoice may be the best payment processing solution for your professional business or freelance operation.Ī professional services invoice informs your client of the total cost of the professional service or product, or the freelancing project, and includes important details like the number of hours spent on each billable activity and the subtotals associated with each of the billable activities listed in the document. Professional service providers will be unable to charge clients appropriately based on costs that best represent the quality of and time associated with the work you produce or perform if they do not have an effective and accurate professional services invoice.īecause a well-designed professional services invoice establishes and maintains your company's or operation's credibility, it's critical to comprehend how this tool can help you streamline your payment process. As a result, a precise professional services invoice will enable you to better visualize and communicate every aspect of your job to clients via a formal invoice that meticulously tracks all billable hours associated with your transaction.Ī professional services invoice is suitable for a wide range of professional invoicing applications, and it is a must-have for professional businesses or freelancers who rely on payment for their services. You expect to be paid for each hour you work as a professional service provider, such as an architect, accountant, engineer, doctor, lawyer, or teacher, because you strive to provide the highest quality products and services to your clients. The payment for the Professional Services shall not exceed the Lump Sum Agreement Price.There are several benefits to using a professional services invoice to bill vendors or clients for professionals in a variety of industries. Unless a payment schedule is provided for in Lump Sum Fee Payment Schedule, payment to the Consultant for all Professional Services shall be made in a one- time, lump-sum payment upon the satisfactory completion of the Professional Services and delivery of the Work Product (as defined in Section 12 below). Consultant shall therefore not undertake any work, and shall not be entitled to receive any payment for work until and unless Consultant has received written notification from CivicSD that the DOF has approved such expenditure on the ROPS that covers the period(s) during which such work will be performed. Furthermore, the funds will be available for this Project only if the California Department of Finance (“ DOF”) approves sufficient expenditures, if any, on the appropriate Recognized Obligation Payment Schedule (“ ROPS”). All payments to be made to Consultant under this Agreement shall be derived from funds made available by the Successor Agency. Payment for Professional Services. The total compensation for all Professional Services performed pursuant to this Agreement shall be One Hundred Three Thousand, Five Hundred Eighty One Dollars and Zero Cents ($103,581.00) (the “Lump Sum Agreement Price”), as set forth in Exhibit B attached to this Agreement and incorporated into this Agreement by this reference (the “Lump Sum Fee Payment Schedule”). The Practice and VRP agree that the fees set forth in this Article 3 have been established with consideration for the Practice’s engagement of VRP to provide Radiology Services as well as the substantial commitment and effort made by VRP, and that such fees have been negotiated at arms length and are fair, reasonable, and consistent with fair market value. The DCF may be adjusted annually upon mutual agreement of the parties. Practice shall pay VRP for Radiology Services provided during all periods after Decema DCF equal to % of total charges that the Practice bills to physician groups and other customers. In consideration for the performance of the Radiology Services set forth in Article 1, Practice agrees to pay VRP for Radiology Services provided during the period Januthrough Decema Diagnostic Compensation Fee (“ DCF”) of $ per transaction.
0 kommentar(er)
