In general, for all Due Diligence expertise, would recommend spending less than 1.5% in total of the deal size (for QoE/Fin,Legal,Tax, Tech etc) with approx half as monthly progress payments post LOI and the remaining balance at deal close. For QoE, wouldn't spend more than 0.3% of the deal size (i.e. less than $10k) depending on the different components you need (add backs, NWC, proof of cash, tax-to-P&L mapping, rev recog, non-cash items, deferrals/accruals/other YE adj, etc)

Hey Stephen, every QoE provider offers a slightly different package, so I would make sure any firm you interview sends over an example and answers any questions you have on scope, process and product. My firm specifically reviews their monthly financials for the last 3 full years and current year, reviews the year end balance sheets for that same time period, and the monthly for the last 13 months, provide a proof of cash (a check that the financials are in line with the bank statements), reconciliation from tax returns to financials, a detailed explanation of the SDE/Adjusted EBITDA calculation, a comparison of our SDE/EBTIDA calculation against what they advertised, a working capital analysis, a projection tool for clients to model out scenarios/submit for SBA financing, and a few other items as well. Happy to connect or walk through anything in more detail if you would like! One last point is that we did recently update our pricing since this post to $7,500. We believe that price is still extremely reasonable given the quality and service we offer.