What is a Management Services Agreement ?
Management Services Agreement might help your company save money while also increasing efficiency. Before you take this step for your organisation, be sure you understand the management services agreement.
Hiring an independent management organisation for your business might have numerous advantages. Such a relationship should be formalised with a management services agreement to help ensure that everything runs properly. This is also known as an administrative services agreement.
Why use a Management Services Agreement ?
Contracting with an outside manager has the potential to cut expenses and boost efficiency when compared to using in-house workers for management responsibilities. In addition to avoiding staff expenditures, your organisation may be able to eliminate the costs of equipment and office space connected with such employees.
The agreement can include a wide range of responsibilities, such as handling employee payroll, developing and managing employee benefit programmes, bookkeeping and accounting, maintaining company records, processing accounts payable and receivable, securing insurance for the company, and providing advice and consulting services for a variety of needs.
If the management firm is just contracted for a single project, the agreement may be referred to as a project management consultancy agreement or something similar.
Format: Microsoft Word (.doc) (.docx) and Google Docs
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