I am about to enter into a consulting agreement and need some guidance on how to set up a fee structure.?

Question

Project will involve working with the company to make the necessary changes to a buiding being purchased so they can move production and shipping.

Answer 1

You can bill by the hour, by the project or by the month (retainer). If you bill by the project (which clients like), you have to be pretty good at estimating how much time it will take and what it's worth to you to do it. I would build into the contract some understanding of what you will do and how much time you expect it to take. For example, I would say something like, "Consultant expects that client will approve changes within three drafts" and then go to a higher fee if they make change orders after you start.

Answer 2

Don't forget to include your overhead costs - what it takes to keep a home office, internet connection, insurance, your computer, transportation, taxes, supplies, etc. etc.

The client would rather pay for results, not time (or what's your incentive to get the job done quickly?)

Figure out how long it will take you, what you would normally make for that period of time, and times it by 1.32.

Answer 3

The best way to charge anyone anything is by the hour. Determine what you are truly worth by that measure and charge accordingly. Plus expenses of course.

Answer 4

i have a consulting companie. if you need advice email me @ [e-mail] gary