Resource
CASE Tool 7-2: Fee Development
Being adequately compensated for the effort and value added to a project by the structural engineer is an essential element of the consulting structural engineering practice. Developing fair, yet adequate, fees is always a challenge.
Tool 7-2 is intended to be used within a consulting firm to stimulate thought and consideration in the development of fees. Engineers in firms that may be experiencing new responsibilities as project engineers and project managers often ask the question – “How do we decide on fees?” This tool may be a useful primer for these employees and lead to further discussion with firm management on the firm’s fee development strategies.
Also included within the tool is a suite of templates that a firm can use to determine and document proposed fees.
This tool does not presume to set fee structures, rates, or multipliers to direct firms specifically in the development of fees. Firms should always use best firm practice judgment in developing and proposing fees.
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