Consultancy...how much would you charge?
Discussion
Been asked, while still looking for a job, to write a Business Continuity Plan for a Property Developer (£700m PLC).
Any thoughts from folks experienced in these matters on what is a reasonable fee to charge?
Either post on here, or email me offline.
Any opinions are much appreciated.
Steve
Any thoughts from folks experienced in these matters on what is a reasonable fee to charge?
Either post on here, or email me offline.
Any opinions are much appreciated.
Steve
tuffer said: £350-£400 per day plus expenses. Current market is kinda flat so you cant kick the arse out of it.
True, but I think £850 plus expenses is more reasonable and the market is standing for those sorts of fees. I am aware of a number of ex big 5 types with my level of experience charging half as much again.. They do tend to be the only work for 4 months a year types, but them seem to enjoy the other 8 months..
Its not rocket science, but there is still a few days work in it, possibly a week but I'd need to see the business to make a reasonable estimate. Also depends on the type of continuity they are talking about; if they want a basic plan then thats one thing, but if they are planning a merger/acquisition then you need to consider different factors..
Personal opinion, pitch too low and you sell yourself too short. Not advocating fleecing them, but its an important document, not to be taken lightly..
(Advice on fee nothing to do with rapidly approaching MOT!)
I just charged 450 a day for an IT Strategy, came to about 40 days with research and write up...
that was outside the london area..... thought i was doing well untill i discovered the management consultants ( big company) were getting 2-3K
their expenses were about the same as my day rate.....
that was outside the london area..... thought i was doing well untill i discovered the management consultants ( big company) were getting 2-3K
their expenses were about the same as my day rate.....
Graham said: I just charged 450 a day for an IT Strategy, came to about 40 days with research and write up...
that was outside the london area..... thought i was doing well untill i discovered the management consultants ( big company) were getting 2-3K
Top guy in the UK charges 6K a day, and people pay it..
As I said, the market isn't great now, but £850 I reckon is fair..
PS.. Nice one CarZee.. That was my next idea..
Ask Mrs CarZee - she might do it for £250
luca brazzi said:
CarZee said: I'd charge about £700 a day and sub it out to Luca Brazzi for £450
Very clever!!! like the sound of that. Anyone want to do it for £200 a day hehe....as a sub-sub contractor....hehe
>> Edited by CarZee (moderator) on Monday 3rd March 20:49
Depends how specialised you are, and how scarce the resource is. I'd say £7-800 for a specialist, £3-400 for a handle grinder, up to £1500 for really expert stuff.
Think of it this way. Most companies cough up £80 an hour no trouble for a spotty youth to come and fix the photocopier.
Think of it this way. Most companies cough up £80 an hour no trouble for a spotty youth to come and fix the photocopier.
Typical consultancy fees are 'only' in the £500-£750 per day range at the moment, less outside London. As a consequence of city shrinkage there are an awful lot of very highly qualified consultants out there.
If you fleece them this will be your last consultancy, I would advocate a reasonable quote (say £600 plus ex's) for the job, in the hope of gaining a reputation for good quality, reasonable fees etc. and getting more work in future. Better to get 50 days work a year at £500 than 5 at £1000 ?
The market for anyone (other than McKinsey partners :totallyludicrousconmerchantsalledgedly
: )at over £1.5k a day is virtually non-existent now, even major plcs can spot when they are being taken for a ride.
I am not sure that rudegirl's photocopier analogy is valid. If I want a consultant I can find 200 who can do the job, whereas only Canon can mend my photocopiers under warranty. A lot of consultants consider themselves unique and irreplaceable but (as my planning consultant recently found out) they are not...
Another small, but important, point: Getting money out of property firms (especially large ones)when you are a solo contractor (in any field) is like getting blood out of a stone, make sure you have your expenses totally nailed down,as any claim, however small, without a receipt will result in your ex's claim going straight into the circular file. You have no defence in law against this and it is now standard practice.
If you can give me a hint as to who you are working for I may be able to find out what their current consultants are charging and who they use. Feel free to contact me direct.
Edited to add: plotloss-no chance ! It's not the eighties any more. I can get the former chairman of a £multi-bn plc for £2k a day and a current M'soft board member for £10k, no offence to you, Luca Brazzi, but I suspect your qualifications and experience wouldn't support fees at this level.
>> Edited by jondokic on Tuesday 4th March 10:00
If you fleece them this will be your last consultancy, I would advocate a reasonable quote (say £600 plus ex's) for the job, in the hope of gaining a reputation for good quality, reasonable fees etc. and getting more work in future. Better to get 50 days work a year at £500 than 5 at £1000 ?
The market for anyone (other than McKinsey partners :totallyludicrousconmerchantsalledgedly
: )at over £1.5k a day is virtually non-existent now, even major plcs can spot when they are being taken for a ride. I am not sure that rudegirl's photocopier analogy is valid. If I want a consultant I can find 200 who can do the job, whereas only Canon can mend my photocopiers under warranty. A lot of consultants consider themselves unique and irreplaceable but (as my planning consultant recently found out) they are not...
Another small, but important, point: Getting money out of property firms (especially large ones)when you are a solo contractor (in any field) is like getting blood out of a stone, make sure you have your expenses totally nailed down,as any claim, however small, without a receipt will result in your ex's claim going straight into the circular file. You have no defence in law against this and it is now standard practice.
If you can give me a hint as to who you are working for I may be able to find out what their current consultants are charging and who they use. Feel free to contact me direct.
Edited to add: plotloss-no chance ! It's not the eighties any more. I can get the former chairman of a £multi-bn plc for £2k a day and a current M'soft board member for £10k, no offence to you, Luca Brazzi, but I suspect your qualifications and experience wouldn't support fees at this level.
>> Edited by jondokic on Tuesday 4th March 10:00
plotloss said:
Those rates still exist in certain segments. I know nothing about capacity planning mind you, but just giving an idea about what consultants get away with in other sectors.
I'm getting a new job
I would still maintain that no property or import-export business would pay those prices (because they need to save all their money to compete with me ) If anyone is still paying this then good luck to them (and their consulants !) >> Edited by jondokic on Tuesday 4th March 10:10
ROI - near impossible to demonstrate, can justify almost any expenditure. Anyone want to hire a shipping and customs consultant ? £20k per day £50k overrun 
Another -all property firms are barstewards- concern. Anyone who charges me for overruns gets counter-charged for every error we can find in their document and every second they turn up late (this is in our consultancy contracts.) Guess who wins...
Another -all property firms are barstewards- concern. Anyone who charges me for overruns gets counter-charged for every error we can find in their document and every second they turn up late (this is in our consultancy contracts.) Guess who wins...
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