Proposal and pricing
Proposal - From initial enquiry, pricing and proposal form submission to approval
Most opportunities start with an enquiry from a business or other organisation. Get in touch with the consultancy team early on to inform your discussions around price and outline terms.
Once more of the details are known, complete and submit the form. This is routed via your Head of Department, Deputy Head of School or Director for approval.
Contract negotiation
Contract - The consultancy team negotiates and agrees a contract with the client.
A deal is always about more than just delivery of a service for a price. The contract determines who carries what risks and responsibilities so is an important part of the agreement.
LU Consultancy will discuss the legal terms with your client and negotiate an agreement that is fair.
Service delivery
Delivery - Once the contract is signed it is over to you to deliver the agreed services.
It is really important not to start any work until the contract is agreed and finalised. Doing so can have big legal implications. The consultancy team will confirm when it is ok to proceed.
During the delivery stage keep the consultancy team informed if there are to be any changes to the agreed scope of services, delays to the agreed delivery timescales, or other changes that may have contractual implications.
Invoicing and payment
The Consultancy Team will arrange invoicing, followed by payment or transfer of the funds to you or the department as indicated in your application form
Payment for individual consultancy can be made to salary (subject to all tax and NI deductions), or to personal research accounts where these are available to you (spending from these is subject to normal University spending rules). You may even choose to arrange a voluntary additional pension contribution to coincide with your payment. This can be a very tax-efficient way to receive the income. Some staff also opt to make a percentage donation to their department. A preferred split between these choices can be indicated on the application form.