About Services Case Studies Insights News Resources Engagements Efficient, Transparent and Flexible Photo © Alexa Van de Walle GEMS will customize its engagement terms to meet the requirements and scope of the project. Generally, terms will be set at hourly billing rates based upon the agreed staffing and skill levels required for a successful engagement. While billing rates will be quoted based on hourly rates, other options may be available depending on the nature of the project, such as monthly or annual retainers or “success”-type arrangements (see below). In all cases frequent client updates are provided, and all substantive decisions are subject to client approval. GEMS’ most demanding role is to serve as a GP for hire, oftentimes leading an operational restructuring. In these instances engagements begin with an initial contract covering the preparation of a Recovery Implementation and Exit Plan. Following field study, a detailed work plan is prepared outlining the critical recovery steps, key milestones, timing, risks and potential exit scenarios. This is presented to the client and discussed in depth. Once the plan is approved by the client, a separate agreement is created covering the implementation phase of the engagement. GEMS is confident in delivering quality, value and satisfaction to its clients. As such, standard engagement contracts may be terminated by either party upon 30 days written notice. Under selected circumstances, GEMS will consider success-fee based arrangements consisting of reduced billing rates and long term performance-based incentives. Success-fee based contracts are generally non-cancellable. Out of pocket expenses are billed to the client at cost. Any third party vendors required as part of the engagement are for the account of the client and subject to client approval. Meet GEMS Our Role Exit Focus Tools Leadership Engagements GEMS Case Studies more Gordian Group, LLC 950 Third Avenue, 17th floor New York NY 10022 212.486.3600 212.486.3616 info@gordiangroup.com careers@gordiangroup.com We Wrote the Books When boards and equity owners need specialized help...Gordian Group wrote the definitive books in our field: Equity Holders Under Siege: Strategies and Tactics for Distressed Businesses and Distressed Investment Banking: To the Abyss and Back. See our Publications page for details. © Gordian Group, LLC, LLC–GORDIANSM and GORDIAN GROUPSM are service marks of GORDIAN GROUP, LLC. · Privacy · Legal · Member SIPC and FINRA · BrokerCheck Icons used on this site are made by Freepik, monkik, prettycons, and dDara from flaticon.com and are licensed by CC 3.0 BY. · Photos Copyright © Alexa Van de Walle · Site by Transmit Studio We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy