Prepaid time bank.

You can now purchase packages of prepaid hours for minor ongoing development, operations and support at a discounted hourly rate. The time bank is a clear and flexible way to keep control of your budget. You use the hours whenever you wish, and the hours can be used within a 12-month period.

General terms

Purchase and use of the time bank is governed by the terms and conditions on this page. For all matters not specified here, or in the event of any conflict, STUDIO X's General Terms and Conditions take precedence.

What are prepaid hours?

If you have an ongoing project that requires regular consultancy hours for minor ongoing development, operations and support, you should consider a prepaid time bank to avoid unnecessary waiting times for the execution of such tasks. The time bank must in that case cover the full estimate for the tasks to be carried out.

Example: if a fault arises in an already developed application, our consultants can handle this immediately without you having to wait for a new offer to be approved before work can begin.

How does the time bank work?

You purchase a package of at least 100 hours in the time bank. When 80% of the hours have been used, you will receive a notification from us informing you that a new invoice for a top-up of hours in the time bank is approaching. Two to three days after the notification you will receive an invoice for a minimum of 100 hours. You must notify us as soon as possible after the notification if you do not wish to top up the time bank. Work on your project will then be halted until any new time bank top-up has been settled. Please note that resumption of work may entail additional hours and waiting time.

BENEFITS OF THE TIME BANK

Faster response time

Necessary work can start immediately, provided the time bank balance covers the estimate. Hours are deducted directly from the time bank so you avoid having to wait for offers, approval of offers, prepayment of estimates, etc.

Save money

Depending on the size of the time bank package you purchase, you can save significantly on the hourly rate. In addition, you avoid unnecessary hours spent on administration.

Better control

Hours and tasks carried out by us are logged in our system.

Expiry

All hours purchased via the time bank must be used within 12 months of the last top-up.

IMPORTANT

The time bank may be used for main projects, minor ongoing development tasks and technical support. Development of new projects will require advance invoicing based on our estimate. The time bank cannot be used to cover other ongoing costs such as hosting, subscriptions or other recurring expenses.

Time bank discount rates

Prices are index-adjusted at the turn of each year based on the consumer price index (CPI). Last amended: 29.01.2026

*The discount is deducted from our recommended hourly rate of NOK 1,490 excl. VAT. Hours may only be purchased in accordance with these packages.

Time bank terms and conditions

1. Definition and Scope

1.1 These terms and conditions apply to the purchase of prepaid hours via our time bank.

1.2. The time bank offers packages of prepaid hours for small and large development projects, ongoing development, operations and technical support at a discounted hourly rate.

2. Prepaid Hours

2.1 The smallest package starts at 100 hours and above, but the client undertakes to purchase a time bank size corresponding to the estimate for planned work in order to avoid interruptions in the development process and unnecessary start-up costs.

2.2 When 80% of the hours have been used, you will receive a notification about topping up hours. It will then be agreed whether a new purchase of an hour package is necessary.

2.3. An invoice for this will be sent out and must be paid before the hours in the time bank are exhausted.

2.4 If the client does not wish to top up the time bank, they must notify us as soon as possible after the notification.

3. Payment terms

3.1 All prices are exclusive of 25% VAT.

3.2 A new invoice for a top-up of hours will be issued when 80% of the time bank has been used.

3.3 The payment deadline will be 10 days net.

3.4 In the event of non-payment, the development process stops and resources may be allocated to other projects.

4. Use of the time bank

4.1 The hours may be used within a 12-month period from the last top-up. Hours and any amount paid are non-refundable.

4.2 The time bank cannot be used to cover other ongoing costs such as hosting, subscriptions or other recurring expenses.

4.3 All services in the time bank are charged per commenced hour.

5. Contract period and termination

5.1 The agreement runs for 12 months at a time and renews automatically unless it has been terminated before the agreement falls due.

5.2 Upon termination, unused hours will not be refunded.