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INSIGHT: EXPECT TO GET INVOLVED Example: Branding for St. Cloud, Minnesota is all over town: the latest in street sign tech- nology — digital banners — and wayfinding signage displaying the St. Cloud Greater > logo. As the branding initiative wound down, the on-the-ground team in St. Cloud made it their business to develop every computer skill needed to take over and keep the brand growing into new forms. So when the call to sparc design, inc. came last August saying, “Hey Richard, we’re building a brand spanking new 1.5 million gallon water tower. We think this is a great showcase for the brand,” it was no surprise. They — and we — are living the brand in St. Cloud. SPARC DESIGN INC. | RFP 19-07-02 | CITY OF SUNNY ISLES BEACH | CITYWIDE RE-BRANDING 15 Financial statements for the Proposer and Subcontractor involved in the project, and per the requirements within the RFP, have been enclosed under separate cover. Sparc Design, Inc. agency billing and payment terms excerpt from our standard contract are as follows: Compensation shall be paid to the Consultant in accordance with the following provisions: An initial retainer for one-half of the proposed total creative fees contained in the Proposal will be paid by Client prior to the commencement of services. Invoices will be submitted periodically as progress invoices for services performed and expenses incurred. Payment of each invoice will be due within 30 days of receipt. Interest will be added to accounts not paid within 30 days at a rate of 5% monthly on the outstanding balance due. In addition, if the Client fails to make any payment due to the Consultant under this or any other agreement within 30 days after the Consultant's transmittal of its invoice, the Consultant may, after giving notice to the Client, suspend services and withhold deliverables until all amounts past due are paid in full and may commence proceedings to protect its right to payment under this Agreement. We do not offer a discount on early payments. We are excited to share with you our portfolio of work. The show begins to the right with a photo taken by friend, collaborator and local photographer, Ben Baeb, used as one of the many captivating images of the great City of De Pere located near Green Bay, Wisconsin. ⇢ ⇢ ⇢ 5. Financial Background 6. Agency Billings 7. Creative Ability