How should consultants set prices for projects?

1.	How should consultants set prices for projects?
Answer» This varies from consultants to consultants. Many consultants charge on an hourly basis, many charge an initial fee and then a monthly fee, and some according to the project. There is a simple formula to calculate the PRICE for the projects- (APPROXIMATE HOURS of Work + 20% for OCCURRENCES) x Hourly Rate = Project Charge.

Answer»

This varies from consultants to consultants. Many consultants charge on an hourly basis, many charge an initial fee and then a monthly fee, and some according to the project.

There is a simple formula to calculate the PRICE for the projects-

(APPROXIMATE HOURS of Work + 20% for OCCURRENCES) x Hourly Rate = Project Charge.

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How should consultants set prices for projects?

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