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1) How do I pay you for Services Rendered? There are four ways to pay: Time, Materials & Equipment, Fixed Contract, Fixed Percentage of Contract and Retainer. 2) What is the most common way to pay for services rendered? Most clients select time, materials, and equipment for their first project with the firm. This is also the most popular method of billing for research, mediation, arbitration, expert witness testimony, court/law firm work, survey work, inspection, and investigative reports. 3) When would I use the Other Methods of Payment? Fixed Contract is used for reports, contract writing, teaching, project management, business and marketing plans, and equipment acquisition. This is a negotiated lump sum fee for the work. Fixed Percentage of Contract is used for project management or administration. It is often written into the construction contract as a fixed percentage fee that is payable to the consulting firm by the contractor. This method keeps the consultants fee in balance with the low bid and eliminates the need for extensive owner involvement. Retainer fixed monthly fee is used a variety of services rendered throughout the month and is usually negotiated on a yearly basis; it contracts that the consultant is "on standby" for services. 4) What can I expect to pay in dollars for various services? Hourly
Rates*
* subject to change Average Value Examples: a) A law firm requires A REPORT on a set of steps that a client tripped on. Do they meet code? Are they unsafe? A survey crew will be dispatched. Elevations are taken and plotted by an Engineering Technician. Data is then provided to a senior Engineering Technician who will write an initial report. This report will have a cover letter written by The Principal. Value of the work: 8 hours for survey @ $70, 2 hours Eng. Tech. @ $40, 2 hours Eng Tech @ $60, 2 hrs Principal @ $120 = $1,000 b) A client needs a PROJECT MANAGED from start to completion. The fee will vary from 10% minimum to 28%. The fee depends on complexity and portion of initial budget and the amount saved by the consultant through efficiency of management. A $100,000 simple one site project fee could be as low as $10,000. c) A REPORT is required on the condition of the infrastructure of a parkade. Based on a qualified estimate of the number of hours the report should take, an agreed contract value of $2,000 is decided prior to report start d) A general
contractor client wishes to retain the firm to confidentially verify all project bids over $1 million to ensure there is no gross
error. A monthly retainer fee of $4,000 is agreed upon based on an
estimated yearly number of bids to be proofed of 24 5) Consultants seem expensive? No! CONSULTANTS WILL SAVE YOU MONEY, usually many times over. Let's look at the work examples below to see how they relate to the above sections on Average Values. Survey & Engineering Opinion Report for Law Firm
Management for a Construction Project
Infrastructure Condition Report
Estimate for a Retainer Client
Why Hire A Consultant? You have probably recognized the importance of process improvement and maximizing the potential of your business capabilities. By hiring an outside engineering contractor, you save on overhead, office space, and equipment resources; thus providing substantially lower development costs and improved customer service and business relations. This frees you to pursue your business interests without having to worry about development efforts. Hiring a consulting firm can help you maintain a competitive advantage allowing you to expand your company, increase profits, and contain costs. We highly value your business and strive to maintain long-term relationships with our clients through confidentiality and customer satisfaction with quality work.
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