Page 101 - 2022 Colorado Investigative Development Institute (CIDI)

6/3/22

Contracts

- RETAINER AMOUNT / HOURLY RATES
- DESCRIPTION OF HOW OR WHEN THE CONTRACT WILL TERMINATE OR MAY BE TERMINATED BY ONE
OR BOTH PARTIES
- STATEMENT INDICATING HOW YOU WILL PROVIDE REPORTS
- A STATEMENT INDICATING THE NUMBER OF DAYS AFTER A THE CASE IS CLOSED WHEN THE
CUSTOMER WILL RECEIVE A WRITTEN REPORT TO THE CLIENT
- A COPY OF THE CONTRACT SHOULD BE FURNISHED TO THE CLIENT
- Use of subcontractor's clause
- Confidentiality clause ( two sided)
- Credit card authorization clause – No Charge Backs
- Indemnification clause
- Governing law – County & State
- Signature lines
- PPIAC MEMBERS DO YOU KNOW HOW TO GET A FREE COPY OF A PI CONTRACT?

PI BUSINESS & MARKETING BASICS

JOHN MORRIS – EVCO INVESTIGATIONS

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Pricing my Services

- What should I charge?
- How do I set my hourly rate?
- PROFIT IS NOT A DIRTY WORD!
- Profit is your businesses income less ALL expenses
- Do not undervalue or undersell your service
- Investigative work has the same general value for new investigators as seasoned investigators
- Standard hourly rates are $95.00 - $125.00 or higher for very specialized fields of work
- It takes 4 jobs at $25.00 to make as much revenue as $100.00
- Don’t sell by the hour
- Sell by the retainer
- Retainer should include everything you anticipate you need to complete the case
- Investigation Time, Travel Time, Research Time, Report Time, Video Time, Case Management
Time, Mileage & other expenses.

PI BUSINESS & MARKETING BASICS
JOHN MORRIS – EVCO INVESTIGATIONS

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