Before anything else, the total income I’d need in this example is $62,800. When you start a consulting business, you need to be strategic about your fee structure.High consulting fees may rub potential clients the wrong way. To address this gap, we have created a calculator that will help indicate what a consultant/freelancer should charge for a project on a monthly basis to achieve a certain target income.

There are many factors which influence the fee structure within a contract.

The average salary for an Engineering Consultant is $78,823.

Average freelance and consulting hourly rates Consulting hourly rates by industry. Some consultants lower their normal rates for clients who sign retainer agreements; however, a consultant needs to calculate whether she will still be earning a profit if she offers a rate cut. 5 Tips on How to Set Consulting Fees 2 Min. There are several methods by which calculation of engineering consultant services cost can be carried out in construction. So isn’t Roger the consultant also really costing us more than his hourly rate? Recognized as the voice of the consulting engineering business in British Columbia, its member firms are respected for the value of their contributions to society. But wait, you’ll say, don’t we have to provide a consultant with some corporate infrastructure too? An excellent point.

Basic Services: The fee guides shown on the following page labeled "Fee Calculator" are for "basic" architectural and standard engineering services including full service phases for design, bidding and construction.

Yes, indeed he is.

Hourly rates vary across industries, from $28/hour for the Legal field, to $11/hour for the Customer & Administrative field. Below we’ll review what influences consultancy fees, how to determine yours and how to take payments once you’ve started working with clients. Read Funding By: Tim Berry Dec 16th, 2009 For all the years I was one-person business planning consulting, one of the hardest parts of surviving in that business was figuring out how much to charge the client.

When we started our consulting business, one area we struggled with was pricing.Deciding how to set fees for our services was challenging. It is possible to employ various charging approach at different phase of the consultant services. For instance, a consultant who charges $50 an hour and expects to give a client 40 hours of time each month would set a monthly retainer fee at $2,000. Using the calculator above, I set a tax bracket of 25% for federal, 7% for state, and a healthcare cost estimated at 25% of all expenses. Here’s what the hourly rates are for 8 prominent industries: Consulting hourly rates by industry Multimedia & design - $20.

Don’t be too modest about this. Consultant salary calculator: The real cost of consultants. The Consulting Engineers of British Columbia (CEBC) is British Columbia’s provincial association of consulting firms that provide engineering and technology-based services. The amount of professional fees charged by a quantity surveyor depends on the method used / contract between the consultant and the client. Now here’s the part almost every consultant does wrong. Throughout the project, the client will be responsible for paying the consulting fees for services rendered by a quantity surveyor. Visit PayScale to research engineering consultant salaries by city, experience, skill, employer and more. Low rates may have them questioning your expertise. Regarding the question of setting consulting fees on a simple daily rate basis, I would recommend as follows: Step 1: Estimate what YOU would expect to be able to get per annum in perm employment, including cash benefits such as bonus, car allowance etc., but excluding things like pension, private medical insurance etc.