Contract Options

Chem-Master International offers several types of service contracts to meet individual needs:

Fixed Bid Contract
  • A fixed quote price is provided for the project. This is payable only upon project completion.
  • Intellectual property (IP) ownership depends on the agreement.

Time and Materials (T&M) Contract
  • Here initial estimated quote for the labor and materials is provided but the client pays only for costs spent on time and materials.
  • All IP is owned by the client.

Full-Time Equivalent (FTE) Contract
  • The client may retain one or more of ChemMaster International's scientist to work on the designated projects full-time.
  • The client is invoiced periodically (on a mutually agreed schedule) for the contracted amount. This also includes the cost for materials.
  • All IP is owned by the client.
  • The advantages of this type of contract are reliable capability, flexibility and efficiency.

Joint Venture Contract
  • ChemMaster International also offers joint venture contracts where both parties share the burden of the research and development.
  • All IP is shared by both parties.