What's the Difference Between Subscription and Pay-As-You-Go Pricing?
The subscription option may make sense for contractors who already know approximately how many Qualified Individuals they will need. The company purchases that number of QIs for its subscription period at the lower per-QI rate.
If additional QIs are needed beyond the pre-purchased amount, Veriforce® lists an overage fee of $209 for each additional QI.
With the pay-as-you-go option, contractors do not pre-purchase a set number of QIs. Instead, the company is billed as QIs are activated during the subscription period at the applicable pay-as-you-go rate.
When Does Veriforce® Bill Contractors for QIs?
Under the subscription option, the contractor company is billed for its selected subscription amount at its January 1 renewal. Additional QI overages are billed as extra QIs are activated.
Under the pay-as-you-go option, billing begins with the January 1 renewal period and occurs as QIs are activated.
What Can Affect Your Total Veriforce® Cost?
There may not be one universal Veriforce® price for every contractor. Your total costs can depend on factors such as:
- The requirements established by your hiring client
- The Veriforce® programs your company must participate in
- The number of Qualified Individuals your company needs
- Whether you choose subscription or pay-as-you-go QI pricing
- Additional services or requirements associated with your account
This is why contractors should confirm their specific requirements before assuming that a published QI rate represents their complete annual Veriforce® cost.
What Is a Qualified Individual (QI) in Veriforce®?
A Qualified Individual is part of the Veriforce® Operator Qualification process. Contractors subject to OQ requirements may need Qualified Individuals as part of meeting applicable hiring-client and program requirements.
The number of QIs your company needs can therefore affect your Veriforce® costs and should be considered when deciding between the subscription and pay-as-you-go pricing options.
Do All Contractors Have the Same Veriforce® Requirements?
No. Veriforce® requirements can vary according to the hiring client and the work your company performs. A contractor should first determine what its hiring client requires rather than purchasing services based solely on general Veriforce® pricing information.
Your requirements may involve areas such as contractor prequalification, Operator Qualification, safety documentation, insurance, or other client-specific compliance criteria.
Need Help Understanding Your Veriforce® Requirements?
Veriforce® pricing is only one part of becoming and remaining qualified for a hiring client. Understanding which requirements apply to your company, preparing the correct documentation, and keeping your account current can be more complicated than determining the subscription fee itself.
Industrial Compliance & Safety helps contractors navigate Veriforce® certification and prequalification requirements, organize required documentation, address account issues, and maintain ongoing compliance.
If you're unsure what your hiring client requires or need help with your Veriforce® account, contact our team or call today.
