We will be glad to develop a fee schedule in response
to your specific outline of services required.
MEI charges a fixed fee for its management services,
and invoices for it in advance. Invoices are due and payable the first of
each month. an invoice due on September 1, for example, would include the
management fee for the month of September.
In addition to management fees, MEI invoices in arrears
for out-of-pocket and other reimbursable expenses. Invoices are due
and payable the first of each month. an invoice due on September 1 for example,
would include the reimbursable expenses for the month of August.
Reimbursable expenses would include, but not be limited
to: telephone service charges (local and long distance call charges, telephone
lines and equipment, directory listings and advertising); travel expenses
(transportation, lodging, meals); MMS monthly processing and storage charges;
postage and postage equipment; office supplies purchased solely for associations
use; and photocopies.
These at-cost (no mark-up) reimbursable expenses are
included in the monthly invoice, along with appropriate back-up material
to document all charges.
There is a one-time programming and conversion charge
to install the associations membership records into the Membership Management
System database. This charge will be determined after reviewing the current
status of the membership records and selection of the most efficient, cost-effective
method for their installation (re-key stroking all entries, "reading"
magnetic tape or disk, downloading via telecommunication).
Beyond normal inflation and other causes that would necessitate
increased management fees in future years, to the extent that new programs
and services proposed or undertaken by MEI generate additional revenues
for the association, MEI will ask that its fee be increased commensurate
with its success in these program or service areas.
Additionally, there are programs and services for which
MEI is willing to be compensated in direct relation to its ability to generate
revenue. for example, if the revenue for a conference would exceed some
agreed upon amount because of MEIs effort, then MEI would be paid an agreed
upon amount of the excess in recognition of its contribution. Or, as another
example, MEI is willing to be paid a commission for advertising sales.
These and all such fee agreements would be negotiated
in advance of the actual program or chronological period.
The basis for MEIs relationship with its clients is
a contract detailing the services to be provided, the fees to be paid, and
all agreements between it and the client. (A pro forma contract will be
provided upon request.)
For the management of the association, MEI prefers to
begin with a contract intended by both parties to be for a term of three
years. It has been our experience that in the beginning of new management,
whether as a substitute for in-house or volunteer management or in replacement
of another management firm, it is more important to focus on programs and
plans than on continually re-assessing the decision regarding management.
A three-year contract helps resolve this issue. For the first year of the
contract, the fees would be agreed to by both parties.
For the second and third years of the contract, the fees
would be proposed as part of the annual program and budget recommendation
Because three years may otherwise seem like a long time,
MEIs contracts provide for a 90-day cancellation clause that can be invoked
by the client at any time. This encourages MEI to work hard throughout the
length of the contract to provide a high level of service pleasing to the