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How We Work

Our engagement process

Every mandate follows a rigorous four-stage process — from structured discovery through to measurable outcome. We scope precisely, execute at senior level, and hold ourselves accountable to results. No surprises. No hand-offs. No ambiguity.

01
Discovery
Billed hourly · credited if we proceed
02
Scoping
Billed hourly · credited to mandate fee
03
Execution
Fixed-fee or retainer
04
Outcome
Delivery & ongoing
01
01
Discovery
Structured Diagnostic · Weeks 1–2
Billed at hourly rate

Every engagement begins with discovery — a structured diagnostic process designed to ensure we fully understand your business context, the regional environment you are operating in, and your strategic objectives before any advisory work commences. Discovery is not a formality. It is the foundation everything else is built on.

In the markets we serve, the presenting problem is rarely the real problem. A technology firm seeking market entry into the Gulf may discover that their regulatory assumptions are misaligned with GCC licensing reality. An investor seeking sovereign wealth fund access may not yet understand the relationship sequencing required before any formal approach can be made. Discovery is where we surface these gaps — and where we give you an honest assessment of what we can and cannot do.

If we conclude during discovery that we are not the right firm for your mandate, we will tell you directly. That honesty is the foundation of every relationship we build.

Billing — Discovery
Discovery is billed at our standard hourly rate, agreed at the outset of our first conversation. If we proceed to a full engagement, every hour spent in discovery is credited in full against your mandate fee — you pay only once. If we do not proceed, you are charged only for the senior time invested in understanding your situation. We think that is a fair and transparent structure, and it ensures our discovery sessions are substantive rather than performative.
Format
1–2 senior sessions + background review
Output
Mandate summary + honest assessment
Duration
1–2 weeks
Billing
Hourly rate — credited in full if we proceed
02
02
Scoping
Mandate Definition · Week 2–3
Billed at hourly rate

Before any work begins, we define the mandate precisely. This means agreeing on deliverables, timelines, success metrics, and fee structure — in writing, in plain language, before the first invoice is raised for execution work. We do not begin advisory work on a vague brief.

The scoping process ensures that both sides are fully aligned on what success looks like, what the advisory will and will not cover, and how the engagement will be managed day to day. Scope changes do happen — markets shift, contexts evolve, client priorities change. When they do, we manage scope changes transparently and with advance notice, never after the fact.

For retainer engagements, we establish a monthly review cadence at scoping — so the mandate evolves with your needs rather than calcifying around an initial brief that may no longer reflect your priorities.

Billing — Scoping
Scoping is also billed at the same hourly rate as discovery and credited in full against the mandate fee upon signature of the engagement letter. The combined discovery and scoping investment is not an additional cost — it is the initial instalment of the total mandate fee, applied to the most important work we do: understanding your situation correctly before we advise on it. If we do not reach agreement on a mandate, you are charged only for the time spent.
Output
Signed engagement letter with defined scope
Execution pricing
Fixed-fee, retainer, or hybrid agreed at scoping
Duration
1 week
Billing
Hourly rate — credited to mandate fee on signature
03
03
Execution
Senior Advisory Delivery · Mandate Duration

The execution phase is where the advisory is delivered — with senior principals directly involved throughout. The people you met at scoping are the people executing the mandate. We do not hand work to junior team members once the engagement is signed. This is not the industry norm — it is our deliberate, non-negotiable standard.

We operate with full discretion. Sensitive cross-border mandates — particularly those involving sovereign institutions, private equity, government-linked entities, or politically complex environments — are handled with the confidentiality protocols appropriate to their context. NDAs are standard. Information is shared only on a need-to-know basis, even internally.

Progress is communicated on an agreed cadence. For active project mandates, we provide weekly status updates against agreed milestones. For retainer engagements, monthly reports and review sessions are standard. We do not disappear between deliverables.

Staffing
Senior principals throughout — no exceptions
Reporting
Weekly project updates or monthly retainer reviews
Discretion
Full NDA and confidentiality protocols
Adjustments
Scope changes managed transparently in advance
04
04
Outcome
Delivery & Beyond · Close + Ongoing

At mandate close, we deliver against the agreed scope with clear documentation, handover materials, and an honest post-mandate review — what was achieved, what requires further work, and what we would do differently. We do not simply deliver a report and disappear.

Many of our most significant client relationships began with a single defined mandate and evolved into long-term advisory partnerships. We offer ongoing retainer arrangements for clients who want continued senior access as their business evolves across the Middle East and Indo-Pacific — without the overhead of a full project engagement each time.

We also make introductions where they are genuinely relevant and appropriate — to partners, investors, regulatory contacts, and market participants across our network in the Gulf and Indo-Pacific. These introductions are earned through the quality of the advisory, not offered as a sales incentive at the outset.

Deliverables
Full documentation and handover package
Review
Honest post-mandate assessment
Ongoing
Retainer option available from $5K/month
Network
Introductions across Gulf & Indo-Pacific
Our Commitments

What you can always expect

Across every mandate, regardless of size or sector, four things never change. These are not aspirational standards — they are the baseline from which every engagement begins.

I.
Senior Principals. Always.
The principal who scopes your mandate executes it. No exceptions, no hand-offs, no junior substitutions mid-engagement.
II.
Honest Assessment. From Day One.
If we cannot deliver genuine value, we will tell you before we start — not after we have billed you. We take only mandates where we are confident we can add real impact.
III.
Transparent Billing. No Surprises.
Discovery and scoping are billed at an agreed hourly rate and credited in full to your mandate fee if we proceed. Every subsequent fee is agreed in writing before execution begins. No surprise invoices, ever.
IV.
Full Discretion. Always.
Confidentiality protocols are standard on every engagement. Sensitive mandate details are never shared without explicit client consent.
Common Questions

What to expect

Answers to the questions we hear most often from clients considering an engagement with Pars Advisory.
What is your hourly rate for discovery and scoping?+
Our hourly rate is agreed at the outset of our first conversation and reflects the seniority of the principals involved. All hours spent in discovery and scoping are credited in full against your mandate fee if we proceed. If we do not proceed, you are charged only for the time invested — typically two to four hours across discovery, depending on complexity.
How quickly can you start a new mandate?+
We can typically begin discovery within one to two weeks of initial contact, subject to our current mandate load. We do not take on more mandates than we can staff with senior principals — so if our capacity is constrained, we will be transparent about that rather than overpromise.
Do you sign NDAs before discovery?+
Yes. We are happy to execute a mutual NDA before any substantive discussion of your business or mandate. For sovereign and institutional clients, we can work within your standard confidentiality framework.
What if my mandate spans both the Middle East and Indo-Pacific?+
Cross-regional mandates spanning both corridors are a core strength. Many of our most significant engagements bridge GCC sovereign capital with Indo-Pacific growth opportunities, or require simultaneous entry into multiple jurisdictions across both regions.
How do you handle conflicts of interest?+
We disclose any potential conflicts at the scoping stage — before the engagement letter is signed. We will not take on mandates where we have a material conflict with an existing client relationship, and we maintain a strict policy of not representing competing parties in the same transaction or market.
Can you facilitate introductions to sovereign wealth funds?+
Introductions to sovereign institutions are the output of a structured advisory process — not a standalone service. We advise on positioning, mandate structure, and relationship strategy first. Introductions follow when the timing and context are right.
Is political risk analysis included in all mandates?+
No — it is a distinct practice that clients may choose to include. For mandates where the geopolitical environment is material to the decision, we recommend integration. The choice is always the client’s, and we will give you an honest view on whether we think it is relevant to your specific situation.
What size of client do you typically work with?+
We work with a range — from well-capitalised growth-stage ventures to established multinationals, sovereign institutions, and private equity funds. The common thread is mandate complexity and cross-border dimensions. We do not typically work with early-stage startups requiring primarily operational rather than strategic advisory.
Ready to begin?

Reach out to start the discovery conversation. The first session is billed at our hourly rate — credited in full if we proceed to a mandate together.

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