THE CONSULTANT CONTRACT

To protect your investment, get a written contract. Some of the specific issues that should be addressed in the consulting contract or letter of agreement are:

  • Does the consultant use subcontractors? If so, does the consultant receive a commission for their services?
  • Who provides the necessary insurance coverage? What type of coverage does the consultant have?
  • How will unforeseen costs be handled? Is your approval required before such costs are incurred?
  • Where will the majority of the work be performed? If at your place of business, is there adequate space?
  • If information accessible to the consultant is confidential, a nondisclosure clause must be included.
  • Include specific dates for the project’s milestones, for each report that may need to be submitted, and for the project completion.
  • What is the procedure for handling problems as they arise?
  • How will revised work and costs be determined?

Work Plan

Most consultants bill on a time and material basis. Therefore, to protect the interest of both you and the consultant, set out a reasonable work plan with a not-to-exceed (NTE) cost. A work plan is like your blueprint, it maps out exactly what the consultant has contracted to perform, with timelines and estimated costs at defined stages. Use the proposal received from the consultant as a guide when drawing up your work plan. In some instances the work plan may vary due to the nature of the project, so a series of possible scenarios and costs should be built around best case, worst case, and most likely scenarios.



The Complete E-Commerce Book. Design, Build & Maintain a Successful Web-based Business
The Complete E-Commerce Book, Second Edition: Design, Build & Maintain a Successful Web-based Business
ISBN: B001KVZJWC
EAN: N/A
Year: 2004
Pages: 159

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