Last updated: June 2026
These Terms of Service ("Terms") govern your access to and use of WrapIQ ("the Service", "we", "us"). By creating an account or using the Service, you agree to these Terms.
WrapIQ is a software tool for calculating fully-loaded labor rates ("wrap rates") for government contractors. The Service is provided on a subscription basis with the plan tiers and pricing described at signup.
You are responsible for safeguarding your account credentials and for all activity under your account. Each organization has one administrator who controls team membership and billing. You must provide accurate information when registering.
New accounts receive a 5-day free trial with Starter-level access. No payment information is required to begin the trial. At the end of the trial, your account becomes read-only until you select a paid plan. Your data is preserved.
Paid plans are billed monthly in advance via our payment processor, Stripe. The Team plan includes per-seat charges for additional users. You may cancel at any time; cancellation takes effect at the end of the current billing period. Fees are non-refundable except where required by law.
You retain all ownership of the data you enter into the Service, including employee names, salaries, and rate assumptions. We process this data solely to provide the Service. See our Privacy Policy and Data Processing Agreement for details.
You agree not to misuse the Service, including attempting to gain unauthorized access, reverse-engineering the Service, or using it to violate any law or third-party right.
The Service provides calculations as a tool to assist with rate modeling. It does not constitute accounting, legal, or compliance advice. You are responsible for verifying all figures before submitting them in proposals or to any government agency. The Service is provided "as is" without warranties of any kind.
To the maximum extent permitted by law, we are not liable for any indirect, incidental, or consequential damages, or for any business decisions made based on calculations produced by the Service. Our total liability shall not exceed the fees you paid in the 12 months preceding the claim.
We may update these Terms from time to time. Material changes will be communicated by email or in-app notice. Continued use after changes constitutes acceptance.
Questions about these Terms: support@wrapai.com