I had helped Rick with his career in the past. Now he wanted to hire us to provide career services to his current employees. Although I knew and liked Rick, I realized that there can be misunderstandings about price quotes. I spelled out my prices in this letter and asked him to return a signed copy. That removed any chance of misunderstanding. Nicely done in only one page.
September 5, 20-
10 Buckingham Street
Colorado Springs, Colorado 80401
This is to confirm the discussion we had about our pricing structure. We have agreed to work on a time-and-materials basis until it makes sense to quote a project price. In the meantime, our fees are as follows:
Bill Frank - $450/hour
Tim MacDonald - $350/hour
Peggy White (and other Senior Consultants) - $250/hour
Full Day of Consulting - No Charge
Less Than Full Day - 50% of normal hourly rate
You will provide meeting rooms and secretarial support for resumes
Rick, if you need any clarification, please give me a call. We're looking forward to working with you again and making this project successful.
Please acknowledge receipt of this letter and fax a signed copy to me at 303-790-0606.
With best wishes,
William S. Frank
Agreed to and Accepted: _______________________