2015 Fee & Billing Survey
The 2015 Fee & Billing Survey
was created with information gathered from an online questionnaire that required participants to answer questions about their billing rates, fee structures, staff chargeability, and billing practices. The questionnaire was designed to be completed by the president, CEO, CFO, or person with the highest responsibility in the fee and billing division of the firm.
The purpose of the survey is to inform firms about industry standards on design fees, employee hourly billing rates, subconsultant procedures, and reimbursement policies so that fees, billing rates, and other contract fees can be competitively set internally.
The survey has information on a variety of topics that firms will find useful, like the percentage of firms that have standard billing rates for each position or status level (81 percent), and what percentage of firms have increased their billing rates over the past three years (94 percent).
Also, only 35 percent of firms have an attorney review every individual contract before it’s finalized; another 33 percent have an attorney review only nonstandard contracts.
Twenty-seven percent of firms charge a markup above cost for changes to the order, additional work, or scope changes; those that do most commonly charge a markup between 11-15 percent.
In addition to this information, the 2015 Fee & Billing Survey
also includes the latest available data on fee structures for every major market type, ways firms usually charge for subconsultant fees and reimbursable expenses, how firms collect payment, billing rates and chargeability statistics for 33 levels of employees, and much more.
It’s important for firms to know industry norms so that they can understand what firms just like theirs are charging for the same types of services, and the 2015 Fee & Billing Survey
is the best tool for that.
To buy the survey or for more information, click here
About Zweig Group
Zweig Group, three times on the Inc. 500/5000 list, is the industry leader and premiere authority in AEC firm management and marketing, the go-to source for data and research, and the leading provider of customized learning and training. Zweig Group exists to help AEC firms succeed in a complicated and challenging marketplace through services that include: Mergers & Acquisitions, Strategic Planning, Valuation, Executive Search, Board of Director Services, Ownership Transition, Marketing & Branding, and Business Development Training. The firm has offices in Dallas and Fayetteville, Arkansas.