About Payment Polices and Terms

Vartest's approach to product pricing and payment policies combines several factors and is designed to create credible commercial value between the client and company. The process brings into consideration the cost of generating the highest quality of certified test reports from an ISO 17025 accredited lab with a broad scope of tests, the market value of the results or certification available, and timeliness and follow up of services to assure that complete satisfaction is delivered. This process allows both Vartest and their customer the wherewithal to continually re-invest and strengthen their relationship and their position in the market.

Effective pricing goes far beyond covering costs, past and future investments. The process involves perspectives of investment in technology, equipment, and employees that will assure continued survival and growth of the business. The value of our certifications in the market place is certainly no exception, and in fact may be the leading indicator of our future. Vartest reports provide credibility and integrity to our client’s products allowing them to meet their objectives and any third party obligations.

For new clients, those that have not done business within the past six months, all off shore clients, and in the rare circumstance that a test must be sent out-of- house, we require payment in advance of testing. For all test requests that exceed the $1000 level, or have an expected completion time of greater than 3 weeks, a 50% advance deposit is required. For the convenience of the client, we accept Visa, American Express, Mastercard, and wire transfers. This is especially helpful if the client has a need for priority services. Vartest terms are "due on receipt." Our expedited test payment procedure is detailed on the following page.

On occasion we are asked for volume discounts. Cost absorption simply is not realized by higher volume, even of the same method. However, for those clients who test consistently with Vartest, we do offer a marginal discount based on dollar sales that exceed specified levels, depending on the nature of the work being performed. These schedules are developed on an account by account basis.

Priority services are available when technically feasible, with an up-charge of 50% for the next business day (Double Red Label), 25% for second business day (Red Label), 15% for the third business day (Blue Label).

Vartest is an ISO 17025 laboratory, accredited by A2LA, and one of the few laboratories with the scope and in house capability that we offer. In addition, consider that:

• 27% of our clients receive their test results next day (Double Red Label priority service)
• 80% of our clients are repeat customers of many years
• Over 40% of our clients come to us by way of referrals

As you look through the market for a laboratory with which to partner, you will find none better and more qualified to fill your needs than Vartest Laboratories.