Monthly Retainer

ˈmʌnθ.li rə.ˈtei.nər / Monthly Retainer

Definition

A monthly retainer is an agreement between an organization and a service provider that states both parties must work together for a specific period.A monthly retainer is long-term. At KDCI Outsourcing, the minimum commitment is six months.Both parties must agree on their monthly allotment of hours and scope of work. During the retainer period, the company and the service provider can work together on various projects to meet the client's needs and objectives.A monthly retainer assures a client that the service provider will reserve the agreed-upon hours per month at the company's service. On the side of the service provider, it allows them to build a connection with their client and prove to them their money's worth.

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