Helps service providers and clients run an open-scope engagement billed on actual effort, with rates and cost ceilings agreed up front.
What's Included
- Rate card: Hourly rates by role plus material and expense markups.
- Not-to-exceed cap: A spending ceiling that triggers approval before work continues.
- Approval thresholds: Sign-off levels for hours, expenses, and purchases.
- Reporting cadence: Weekly hour and cost summaries with backup documentation.
How To Use
- Clone the template and add the provider and client details.
- Enter each role's hourly rate and set the not-to-exceed cap.
- Assign an AI agent to summarize logged hours against the cap each week.
- Sign electronically and track time and expenses in one project.
Keep hours, approvals, and invoices in sync with Taskade automation and explore more statement-of-work templates.