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. 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.

Consultant salary calculator: The real cost of consultants. 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.
Below we’ll review what influences consultancy fees, how to determine yours and how to take payments once you’ve started working with clients.

Visit PayScale to research engineering consultant salaries by city, experience, skill, employer and more. There are several methods by which calculation of engineering consultant services cost can be carried out in construction.

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. 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. 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. 5 Tips on How to Set Consulting Fees 2 Min. An excellent point. The amount of professional fees charged by a quantity surveyor depends on the method used / contract between the consultant and the client. Yes, indeed he is. Before anything else, the total income I’d need in this example is $62,800.

The average salary for an Engineering Consultant is $78,823. 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. The Consulting Engineers of British Columbia (CEBC) is British Columbia’s provincial association of consulting firms that provide engineering and technology-based services. It is possible to employ various charging approach at different phase of the consultant services.

But wait, you’ll say, don’t we have to provide a consultant with some corporate infrastructure too? 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. Hourly rates vary across industries, from $28/hour for the Legal field, to $11/hour for the Customer & Administrative field. Throughout the project, the client will be responsible for paying the consulting fees for services rendered by a quantity surveyor. Here’s what the hourly rates are for 8 prominent industries: Consulting hourly rates by industry Multimedia & design - $20. 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. So isn’t Roger the consultant also really costing us more than his hourly rate? Now here’s the part almost every consultant does wrong. Low rates may have them questioning your expertise. Average freelance and consulting hourly rates Consulting hourly rates by industry.