Policies of The Novum Group
Billing Terms and Policies
As of December 31, 2009
Project rates are based on a minimum contract length of 90 calendar days.
Quotes and proposals are based upon the initial understanding of the engagement. Changes by client after the quote or proposal or after the engagement has begun will result in revisions of services and/or fees.
Quotes and proposals apply for engagements begun within 5 calendar days of proposals, and are automatically canceled 5 calendar days after the original quote or proposal date, unless other arrangements are mutually agreed to in advance.
Minimal quotes will typically not incur administration charges. Expenses may be charged, as may be agreed to in advance, and may be payable in advance.
Extensive quotes will incur administration charges and/or expenses, payable in advance.
Proposals will only be made with payment in advance.
Invoices and statements are rendered to clients once or twice each calendar month, solely at the discretion of The Novum Group, for professional fees, expenses and other charges for the period. Standard payment terms are: due immediately on invoice. Any other arrangements must be agreed to in advance.
Clients are required to provide a minimum retainer of 50% of the projected project costs for each separate project.
Expense receipts are provided only for travel expenses, or for single expense items above $500. Any other arrangements must be agreed to in advance.
Detailed billing must be arranged in advance, preferably at the original contract date. Detailed invoice billing will be provided only on request, and administrative charges will be incurred.
Interest and administrative charges are made on all accounts past due. An interest charge of a minimum of ten percent (10.00%) per month, and an administrative charge of a minimum of two hundred fifty US dollars, (USD250.00) per month, will be applied for all accounts past due. The Novum Group reserves the right to charge up to the maximum rates permissible by law for any account past due. Any other arrangements must be agreed to in advance. Collection activities may result in the maximum rates permissible by law, and all collection costs will be applied to accounts sent for collection.
These terms and policies are subject to change without further notification.
Additional terms and policies may be applied on a project-by-project basis.
If you have questions about these billing terms and policies, you can contact us:
By Mail:
The Novum Group
1153 Bergen Parkway Ste M271
Evergreen CO 80439
By Telephone:
(303) 430-2888
By Email:
operations@thenovumgroup.com