TERMS AND CONDITIONS Most of our work is commissioned. We conduct advertisement based recruitment campaigns and executive search assignments. Each assignment is individually structured and the fee element is negotiated and agreed according to scale and complexity. Broadly, our fees work out at between 25% and 30% of an appointee's OTE. Advertising is client paid. We may or may not charge a retainer as part of an advertised assignment. Travel and subsistence expenses incurred by us or candidates are agreed in advance and recharged to the client. Fees for executive searches are agreed in advance and 30% of the total fee is charged as a retainer, payable at the start of an assignment. We bill the balance of the fee after the appointee joins and we do not take an interim payment at short list stage. However if an assignment is cancelled after running for 28 days or more, we will charge a cancellation fee of a further 30% of the total fee. For contingency placements which are not retained or advertised, our fee is calculated at 30% of the first year's guaranteed income and is payable on the appointee's start date. Our replacement policy for retained assignments is as follows: Providing the original job specification and candidate profile have not materially altered in the interim, we will endeavour to replace any candidate who leaves within the first 3 months of employment free of further charge. If this requires an advertisement to be re-run then the cost will be borne by the client. In the case of contingent placements there are no replacement or repayment conditions unless otherwise specified. Settlement terms are as follows: For final invoices which we bill only after an appointee starts, 14 days from date of invoice. For advertisement costs, 7 days from date of invoice. For retainers, 7 days from date of invoice. For repayment of expenses or other charges, 14 days from date of invoice. Non-compliance with these terms negates our replacement policy. Contact: Robert I Bower