Many factors contribute to determine a consultant's fee for a project. In our firm, the complexity of the project is the factor that most significantly affects the fee. We generally bill clients on either an hourly basis or a fixed fee basis.
In an hourly billing arrangement, our consultants record the time spent on your project, whether they are drafting a document, reviewing documents provided to us, writing letters and e-mails, conducting meetings, or discussing strategy and tactics. The time spent is multiplied by the consultant's hourly rate. Before beginning a project under an hourly billing arrangement, we will discuss our hourly rates with you. In many cases, although the fees charged will be on an hourly basis, we can estimate the total fees based on what other clients have paid for similar projects.
In a flat fee billing arrangement, we agree to perform certain work for you for a fixed sum, which we quote for you at the beginning of our engagement. Our flat fee quotations consider the scope and complexity of the project and are customized to the facts of each engagement. When we quote flat fees, we define the scope of the work that is included, and fee adjustments may become necessary if scope or circumstances change.
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