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6 <br />Our billing/payment terms are flexible and based on milestones. <br />A typical project has the following terms: <br />PHASE 1 <br />50% Deposit to start phase 1. <br />25% Installment to start in-person interviews. <br />25% Installment upon completion and approval of market research report. <br />PHASE 2 <br />50% Deposit to start phase 2. <br />25% Installment upon approval of visual concept. <br />25% Installment upon approval of visual identity and prior digital delivery of approved design materials. <br />AGENCY BILLINGS <br />TERMS <br />RFP RESPONSE No. 19-07-02 | p. 50