Term: Expenses
1 post(s) found

Consulting Chronicles – Expenses Are a Form of Compensation

Jul 07 2004

This is an area that is of great importance because it constitutes between 15-20% of consulting fees which in turn are in the billions of dollars per year.

Expenses are typically categorized and titled in proposals as, "all necessary and out pf pocket travel and lodging expenses accrued as part of delivering said services." These expenses are usually cost based (i.e., whatever you paid out), in some cases they are fixed as a percentage of the fees (e.g., not to exceed 10-15%), and in rare cases they are highly regulated per diems [government work.]

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