Photo Contract Advice

[koto]

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I did a 2010 Company Annual Report Photoshoot this year around march
1st i introduce my self and show them my print & digital portfolio
2nd ask them what they need
3rd i ask them what is there budget
4th i gave them my price and explain the processes
the meeting lasted only 15-20min

7 employees, 3 shots each (full body front, full body profile & Portrait) and 2 Group Shots.
2hrs total shooting time including preparation of lightsetup
PP included only cleanup & Color Correct
3-4hrs of Post Process

TF Php10,000 - 3hrs 1,500 for the studio i rented - P300 snack for the client = Php8,200
Got paid after 1 week of shoot