SMARTvt is a consortium that provides subject matter experts (SMEs) as consultants to clients. When consulting for a SMARTvt client, the SME bills at an agreed hourly rate but SMARTvt bills the client at a higher standard rate, keeping the difference. Expenses are usually the consultant's responsibility. Consultants must keep all client matters private and confidential, and cannot pursue direct employment with SMARTvt clients for 24 months without permission. SMEs are required to submit monthly time summaries and adhere to SMARTvt's code of conduct. Intellectual property terms are defined in engagement agreements.