Pricing Policy

Effective Date: 01/10/2024

This Pricing Policy outlines the principles and guidelines governing the pricing of services offered by InvenTech Solution (“Company“), including but not limited to performance marketing services, Facebook Ads, Google Ads, Instagram Ads, creation of User-Generated Content (UGC), Conversion Rate Optimization (CRO), and website development. By engaging the Company’s services, the Client agrees to abide by the terms set forth in this policy.

1. Pricing Structure

1.1 Retainer Model

• Ongoing Services: The Company operates on a retainer model for ongoing services such as Digital Advertising Management, UGC Creation, and Conversion Rate Optimization.
• Monthly Fees: Retainer fees are agreed upon prior to the commencement of services and are payable monthly in advance.
• Customization: Retainer fees are customized based on the scope of services, complexity, and Client requirements.

1.2 Project-Based Pricing

• Website Development: For services like website development, the Company offers project-based pricing.
• Quotation: A detailed quotation outlining the scope of work, deliverables, timelines, and costs will be provided and agreed upon before the project commences.

2. Fee Calculation

2.1 Digital Advertising Management

• Fixed Monthly Fee: A fixed monthly fee is charged for managing advertising campaigns on platforms like Facebook, Google, and Instagram.
• Factors Considered: Fees are determined based on campaign complexity, number of platforms, ad spend budget, and level of strategic planning required.

2.2 User-Generated Content (UGC) Creation

• Customized Pricing: Fees include scriptwriting, influencer fees, video production, editing, and any additional creative services.
• Quotation: Costs are communicated and agreed upon with the Client before the commencement of the project.

2.3 Conversion Rate Optimization (CRO)

• Monthly Retainer or Project Fee: Pricing can be based on a monthly retainer or a project fee, depending on the duration and scope of optimization efforts.
• Scope of Work: Fees are influenced by the number of pages to be optimized, complexity of tests, and analytics involved.

2.4 Website Development

• Project-Based Fee: A total project fee is determined based on the website’s requirements, including design complexity, number of pages, functionalities, and integrations.
• Milestone Payments: Payments may be structured around project milestones, with a portion due upfront and subsequent payments tied to deliverables.

3. Payment Terms

3.1 Invoicing

• Frequency: Invoices are issued monthly for retainer-based services and according to agreed milestones for project-based services.
• Details: Each invoice will itemize the services provided, fees due, applicable taxes, and payment due date.

3.2 Payment Schedule

• Net 15 Days: Payments are due within fifteen (15) days from the invoice date.
• Advance Payments: For certain projects, an advance payment or deposit may be required before work commences.

3.3 Accepted Payment Methods

• Bank Transfer: Details will be provided on the invoice.
• Credit/Debit Cards: If applicable, subject to a processing fee.
• Other Methods: As agreed upon in writing by both Parties.

4. Additional Costs

4.1 Third-Party Expenses

• Advertising Spend: All advertising costs on platforms like Facebook, Google, and Instagram are separate from the Company’s fees and are payable directly by the Client to the respective platforms.
• Influencer Fees: Costs associated with hiring influencers for UGC content will be communicated in advance and require Client approval.
• Software and Tools: Any specialized software licenses or third-party tools required will be discussed with the Client, and costs will be handled as agreed.

4.2 Taxes

• Exclusion of Taxes: All fees quoted are exclusive of taxes. Applicable taxes will be added to the invoices as per government regulations.
• Client Responsibility: The Client is responsible for paying all applicable taxes, duties, or charges imposed by governmental authorities.

4.3 Miscellaneous Expenses

• Travel Expenses: If services require travel outside of the Company’s primary location, expenses such as airfare, accommodation, and meals will be agreed upon in advance and billed to the Client.
• Other Expenses: Any additional expenses incurred on behalf of the Client will be pre-approved in writing and billed at cost.

5. Discounts and Promotions

5.1 Volume Discounts

• Long-Term Engagements: Discounts may be offered for long-term contracts or larger scopes of work.
• Negotiation: Such discounts are negotiated on a case-by-case basis and confirmed in writing.

5.2 Promotional Offers

• Limited-Time Offers: The Company may, at its discretion, offer promotional pricing or special deals.
• Terms: Promotions are subject to specific terms and conditions and are only valid during the specified promotional period.

6. Price Adjustments

6.1 Changes in Scope

• Additional Services: Any requests for additional services or changes to the agreed-upon scope may result in a fee adjustment.
• Change Orders: The Company will provide a revised quote or Change Order for the Client’s approval before proceeding.

6.2 Annual Review

• Fee Revisions: The Company reserves the right to review and adjust its fees on an annual basis.
• Notice Period: Clients will receive at least thirty (30) days’ written notice of any fee changes.

7. Late Payments

7.1 Interest Charges

• Late Fee: Payments not received by the due date are subject to an interest charge of one percent (1%) per month on the outstanding balance.
• Calculation: Interest is calculated from the date the payment was due until the date payment is received.

7.2 Suspension of Services

• Right to Suspend: The Company reserves the right to suspend all services, including ongoing campaigns and projects, until full payment is received.
• Notice: The Client will be notified in writing prior to the suspension of services.

8. Refund Policy

8.1 No Refunds

• Non-Refundable Payments: All payments made to the Company are non-refundable.
• Commitment to Quality: The Company is dedicated to delivering high-quality services and will address any concerns to meet Client satisfaction.

9. Currency

9.1 Payment Currency

• Indian Rupees (INR): All fees are quoted and payable in Indian Rupees unless otherwise agreed upon in writing.
• Exchange Rates: If payments are made in a different currency, the Client is responsible for all exchange rate differences and bank charges.

10. Quotations and Validity

10.1 Proposal Validity

• 30-Day Validity: All quotations and proposals are valid for thirty (30) days from the date of issuance unless otherwise specified.
• Acceptance: If not accepted within this period, the Company reserves the right to revise the quotation.

11. Payment Disputes

11.1 Dispute Resolution

• Notification: The Client must notify the Company in writing of any invoice disputes within seven (7) days of the invoice date.
• Resolution Process: Both Parties agree to work in good faith to resolve any billing disputes promptly.

12. Payment Security

12.1 Advance Payments

• Deposits: For certain projects or services, the Company may require an advance payment or deposit before commencing work.
• Security: This ensures commitment from the Client and covers initial costs incurred by the Company.

13. Confidentiality of Pricing

13.1 Non-Disclosure

• Confidential Information: All pricing details, proposals, and agreements are considered confidential and should not be disclosed to third parties without prior written consent.
• Exceptions: Disclosure is permitted where required by law or to professional advisors bound by confidentiality obligations.

14. Acceptance of Pricing Policy

By engaging the Company’s services, the Client acknowledges that they have read, understood, and agree to be bound by this Pricing Policy. It is the Client’s responsibility to review the policy periodically for any updates or changes.

15. Modifications to Pricing Policy

15.1 Right to Modify

• Policy Updates: The Company reserves the right to modify or update this Pricing Policy at any time.
• Effective Date: Changes will become effective upon posting on the Company’s website.
• Notification: Clients will be notified of significant changes via email or through a notice on the website.

16. Contact Information

For any questions or clarifications regarding this Pricing Policy, please contact:

InvenTech Solution
2/A-05, Gokul Gaurav
Shivaji Road, Kandivali West
Mumbai 400067, Maharashtra, India
Email: info@inventechsolution.com
Phone: +919757117550

Last Updated: 01/10/2024