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I have to issue a new contract to an advertising firm. they design and place adds for us in mulitple types of media: magazines, sides of buses, etc.

I know that the part of the subcontract where they are designing the adds will be T&M for their time and materials.

The also do the research and place the adds and then charge the cost of the advertisement back to our company plus a fee based on the cost of the add. I know that cost plus % of cost is illegal, but what type of subcontract will the second part of the work be considered? thanks

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The also do the research and place the adds and then charge the cost of the advertisement back to our company plus a fee based on the cost of the add.

We stopped letting the contractor charge a fee and instead they charge their hourly rate based on the complexity (dollar value and medium) of the placement.

I've also seen a companies create a media buy plan with a fixed price for purchasing all of the advertising.

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We stopped letting the contractor charge a fee and instead they charge their hourly rate based on the complexity (dollar value and medium) of the placement.

I've also seen a companies create a media buy plan with a fixed price for purchasing all of the advertising.

thanks. i will negotiate one of those ways of billing.

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