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Flexible Terms to Meet Your Needs. <br />We understand the operational needs of each client are different. This is why we try to remain as flexible as <br />possible when developing compensation and billing requirements with our clients. We have 3 main methods of <br />compensation that can be mixed and matched to fit any need: retainer-based, contracted short-term projects, and <br />estimated projects. A summary of each of our compensation structure types are included here for your reference. Our <br />recommended pricing approach for the City of Sunny Isles Beach would be a project-based agreement that outlines <br />specific deliverables to ensure clarity for both client and agency teams. <br />This type of agreement is set up for long-term partnerships <br />with clients. A regular monthly retainer is established for <br />ongoing strategic, creative, and project management required <br />to assist clients with their ongoing marketing needs. An <br />in-scope set of deliverables is outlined in our retainer-based <br />agreements. In this type of agreement, our clients are billed <br />on a monthly basis with payments due within net 20 days. <br />These agreements are developed for any needs not included in a retainer or short- <br />term agreement. These projects typically include all print production, video and <br />photography production, and website or mobile development. In these instances, <br />a formal estimate that outlines the costs for a given initiative will be outlined and <br />provided to the client for approval. The client will be billed per the terms of each <br />estimate, or as requested by any third party vendors. For these types of projects, <br />the payment terms will vary based on the type of project. In the case we will be <br />leveraging outside partners to complete print production work, payment terms can <br />be adjusted as dictated by our outside partner’s requirements. In all scenarios, the <br />costs will be communicated up-front and agreed to by the client prior to the start of <br />any project and before costs are incurred. <br />SPARK REQUEST FOR PROPOSAL <br />NO. 19-07-02 <br />6. AGENCY BILLINGS <br />PROJECT-BASED:RETAINER-BASED <br />43