Consulting Fees
Under normal circumstances a fee for IT consulting is measured on a per day, per consultant basis. There is however an alternative option; fixed fee IT Consulting. A fixed fee IT consulting contract applies only to projects which are well defined, for example:
- Infrastructure refreshment projects
- Network design
- Implementation of specific well described features, such as monitoring platforms
- Infrastructure Capacity Planning
Generally, fixed fee IT consulting is for a specific amount of work, within a defined timeframe.
Many companies are now moving towards a fixed priced IT consulting model.
This trend is expected to continue as more companies now require delivery of IT Consulting services within a defined time and price structure.
Open ended consultancy models generally favour the consulting firm, as the consultancy firm is rewarded on a per day basis, there is no incentive to complete assignments within a fixed time. The result often being risk of project and cost overrun.
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Famous quotes containing the word consulting:
“The people shall not be restrained from peacefully assembling and consulting for their common good, nor from applying to the legislature by petitions, or remonstrances for redress of their grievances.”
—James Madison (1751–1836)