Ardenmore Pension Administration - Master Services Agreement v2
Documentdraft Ardenmore Pension Administration · contract · draft · 2023-07-31
Draft Master Services Agreement v2 dated 31 Jul 2023 for the Starter tier, not executed. It states 99.5% availability, P1 first response of 4 business hours and a £20k annual fee plus a £6,000 one-off implementation fee.
What it says
What this says
Current to 13 Oct 26Draft Master Services Agreement v2 dated 31 Jul 2023 for the Starter tier, not executed. It states 99.5% availability, P1 first response of 4 business hours and a £20k annual fee plus a £6,000 one-off implementation fee.
What it is: a draft contract between BB-Demo and Ardenmore Pension Administration, marked "Draft." Version two, dated 31 Jul 2023. Not executed.
Commits: Starter tier, term 30 Aug 2023 to 29 Aug 2024, with "Availability | 99.5%" and "Priority one first response | 4 business hours". Fees are £20k billed annually in advance and £6,000 one-off, payable within 30 days.
Unusual: service credits are "availability only", so a period of stale data attracts no credit. Renewal is only by agreement of both parties, not automatic.
Not settled: the customer signatory, billing contact, final connector list and data protection wording are open. The signature block is blank. The evidence does not show whether an executed version exists, and an executed order form would override these figures.
As found in this document
Current to 9 Oct 26- Date end29 Aug 2024Source: object_read:doc_159_003
- Date start30 Aug 2023Source: object_read:doc_159_003
- Price£19,500Source: object_read:doc_159_003
- Availability99.5%Source: object_read:doc_159_003
- Priority one first response4 business hoursSource: object_read:doc_159_003
- Service credit5% of one month's feeSource: object_read:doc_159_003
- Credit basisAvailability onlySource: object_read:doc_159_003
- Annual recurring fee£19,500, billed annually in advance£19,500, billed annually in advance · Source: object_read:doc_159_003
- Implementation fee£6,000 one-off chargeSource: object_read:doc_159_003
- Payment termsInvoices are payable within 30 days of the invoice dateInvoices are payable within 30 days of the invoice date · Source: object_read:doc_159_003
- Implementation4 weeks, up to 4 connectorsSource: object_read:doc_159_003
The document
Body
Ardenmore Pension Administration - Master Services Agreement v2
Draft. Version two, dated 31 Jul 2023. Not executed. Subject to review by both parties.
Parties
This agreement is between BB-Demo, a London data business (the Supplier), and Ardenmore Pension Administration of Birmingham (the Customer).
Supplier contacts: Tom Ashdown (account owner) and Marcus Bell (customer success manager).
Services
The Supplier will provide the company brain at the Starter tier to the Customer, built and run inside the Customer's own Snowflake account, together with the one-off implementation described below. Use is limited to the Starter user and connector allowances.
Order lines
| SKU | Line | Qty | Unit price | Discount | Net | Recurring |
|---|---|---|---|---|---|---|
| SUB-STARTER | Company Brain – Starter | 1 | £20k | 0% | £20k | Yes |
| IMP-STARTER | Implementation – Starter (4 weeks, up to 4 connectors) | 1 | £6,000 | 0% | £6,000 | No |
Total contract value: £26k, made up of the annual subscription of £20k and the one-off implementation fee of £6,000.
Term
Read the whole document (3,234 characters)
- Start date: 30 Aug 2023.
- End date: 29 Aug 2024.
- The subscription renews only by agreement of both parties, with the renewal conversation led by the customer success manager ahead of the end date.
Fees and payment
- The annual recurring fee is £20k, billed annually in advance.
- The implementation fee of £6,000 is a one-off charge and is not part of annual recurring revenue.
- Invoices are payable within 30 days of the invoice date.
- No discount applies to either line.
Service levels
| Measure | Commitment |
|---|---|
| Availability | 99.5% |
| Priority one first response | 4 business hours |
| Service credit | 5% of one month's fee |
| Credit basis | Availability only |
Service credits are calculated on availability only. A period in which the brain was available but answering on data that was not refreshed does not attract a credit under this tier.
Customer responsibilities
- Give the Supplier timely access to the systems named for connection.
- Nominate an administrator and a business sponsor.
- Tell the Supplier promptly if a connected system is changed, replaced or retired, because that can stop a connector loading.
Data and security
Customer data stays inside the Customer's Snowflake account. The Supplier will process it only to provide the services and will follow the data protection terms agreed between the parties.
Changes to this agreement
Any change to price, term or service levels must be made in writing and signed by both parties. Once executed, the order form and this agreement take precedence over any earlier draft, proposal or CRM record.
Open points in this draft
- Confirm the Customer's authorised signatory and billing contact.
- Confirm the final list of connectors to be live in the implementation period.
- Both sides to review the data protection wording before this version is circulated for signature.
Signatures
To be completed on execution.
| For BB-Demo | For Ardenmore Pension Administration |
|---|---|
| Nell Ashcombe, Chief Executive Officer and Co-founder | Authorised signatory, job title to be confirmed |
Unusual terms
Current to 9 Oct 26- Renewal only by agreement of both parties
- Service credit on availability only, not freshness
- Not executed, signatory to be confirmed