The fed allows for travel time to be charged at, I think, 75% per travel day. I'll check later. Typically I charge 50% travel time. Plus expenses, of course. Maggie Griscavage <xxxxxx@ALASKA.EDU> wrote: >This exchange has been FABULOUS and very educational ! Thanks to all those >who shared so candidly... > >Maggie > > > >On Sun, Jun 10, 2012 at 3:52 AM, Theresa Defino <xxxxxx@aol.com> wrote: > >> Consultants should and do bill for travel. >> >> Kind regards, >> Theresa Defino >> Editor >> Report on Research Compliance >> xxxxxx@aol.com >> 301-738-3721 >> Sample issue: http://aiseducation.com/samplerrc.pdf >> >> >> -----Original Message----- >> From: J. Michael Slocum <xxxxxx@GMAIL.COM> >> To: RESADM-L <xxxxxx@lists.healthresearch.org> >> Sent: Sun, Jun 10, 2012 7:40 am >> Subject: Re: [RESADM-L] Consultant Fees >> >> >> Charge or don't for particular activities is simply a matter of adjusting >> the rate and measuring stick. The person who doesn't charge for travel must >> charge a higher per hour fee for the BILLED hours to recover the same >> amount as one who charges for time traveling and on-site. One who charges >> for prep can charge a lower rate for the "performance." $50 per hour for >> travel for 4 hours = another hour at $200 needed to make the same money. >> >> >> On Sun, Jun 10, 2012 at 7:09 AM, Mike McCallister < >> xxxxxx@grantstreetservices.com> wrote: >> >>> I disagree. I charge only onsite time. If I am doing something like a >>> customized training, there might be development expenses, but I would be >>> moderate in billing, possibly at a lower rate. I don't charge travel days >>> because the client is paying all expenses. I see consulting as one way of >>> giving back to the field as well as a form of self development and I try to >>> be reasonable. And, of course, price is a point of competition. It is >>> sort of like my music. I don't charge for the performance, but rather for >>> lugging, setting up and tearing down my gear. I work because it is fun and >>> hitting the client for every second doesn't seem right. Call me me naive, >>> I don't care as long as you call. >>> >>> Spanky >>> >>> >>> Mike McCallister, Ph.D. >>> Grant Street Services, LLC >>> 7821 N. Thames Drive >>> Bloomington, IN 47408 >>> 812.219.7473 >>> >>> On Jun 9, 2012, at 1:11 AM, "Gregory K. Schmidt" <xxxxxx@VERIZON.NET> >>> wrote: >>> >>> > First, my time costs when I travel. Maybe not at full rate, but I >>> charge. There is an opportunity cost. >>> > >>> > Second, you assume that I work 40 hrs a week billable. Not always the >>> case. >>> > >>> > Next, the administration, marketing, networking, email time is taken at >>> night or on weekends, or if there is no billable time during normal working >>> hours. >>> > >>> > I have never worked a 40 hour week as a consultant. Jobs are often >>> capped or fixed price (rate sheets). >>> > >>> > Costs of insurance (liability ins. can be a killer), health, auto, >>> memberships,equipment, software, supplies, rents, fed, state, city taxes, >>> licenses, rents, legal and accounting fees......... everyone has their >>> hands in my pocket. >>> > >>> > Profit? The charge rate is so diluted with hours worked that I'll earn >>> about what I did 15-20 yrs ago when I worked for the state. That would be >>> south of next to nothing. >>> > >>> > >>> > >>> > "J. Michael Slocum" <xxxxxx@GMAIL.COM> wrote: >>> > >>> >> CONSULTANT "COSTS" TO OPERATE >>> >> >>> >> >>> >> • Take the $1600/Wk and the 40hrs/Wk >>> >> >>> >> • Deduct 1.5 hrs for travelling per day between clients etc. >>> >> >>> >> • = 7.5 hrs/Wk >>> >> >>> >> • Deduct 1 hr per day for admin and paperwork >>> >> >>> >> • = 5hrs/Wk >>> >> >>> >> • Deduct 10 hrs/Wk for marketing, networking etc. >>> >> >>> >> • = a total of 22.5 hours/Wk >>> >> >>> >> • Thus 40-22.5=17.5 >>> >> >>> >> • Lets assume that a consultant has the ability to work 80% of the >>> >> available hours every week of the year…………… >>> >> >>> >> • This would the equate to 14 hrs/Wk >>> >> >>> >> • 14 x 40 = $560/wk or $2426/Mth >>> >> >>> >> • From your current earnings of $6900 to $2426 per month >>> >> >>> >> • Reality –$113.75/hr CHARGED TO CLIENT to equal an income of >>> >> $6900.00/month >>> >> >>> >> GROSS INCOME TO CONSULTANT IS $82,800 >>> >> >>> >> *NET IS LESS THAN $70k PER YEAR* AFTER SELF-EMPLOYMENT TAXES AND *NO >>> COSTS >>> >> OF BUSINESS HAVE BEEN RECOVERED* >>> >> >>> >> On Fri, Jun 8, 2012 at 8:54 PM, Gregory K. Schmidt < >>> xxxxxx@verizon.net>wrote: >>> >> >>> >>> A consultant fee is no different than salaries in concept. A >>> consultant >>> >>> provides intellectual services specialized such that your institution >>> would >>> >>> not normally retain on full time payroll. Ask him if his paycheck is >>> >>> profit to him. >>> >>> >>> >>> Gloria Greene <xxxxxx@UAH.EDU> wrote: >>> >>> >>> >>>> I have a dilemma and need some help/clarification with a situation. >>> >>>> >>> >>>> >>> >>>> >>> >>>> My CFO believes that a consultant’s fee is “profit.” I disagree >>> with him. >>> >>>> I believe that a fee for services is not a profit, and should >>> therefore >>> >>> not >>> >>>> be classified as profit. His position is a consultant and vendor >>> are one >>> >>>> in the same and therefore any money made is “a profit.” >>> >>>> >>> >>>> >>> >>>> >>> >>>> I told him that comparing a vendor to a consultant are the same as >>> >>>> comparing apples and oranges. They are not the same. The consultant >>> >>>> provides a services the vendor provides a commodity (item, materials, >>> >>>> etc). These are not the same. >>> >>>> >>> >>>> >>> >>>> >>> >>>> Can someone help me! If I am wrong, then please let me know that as >>> well. >>> >>>> I view help as setting me straight and educating me. If you can >>> provide >>> >>> me >>> >>>> with any written guidance on this matter to further make my case >>> that will >>> >>>> be welcomed as well. >>> >>>> >>> >>>> >>> >>>> >>> >>>> I appreciate this group and its insight. >>> >>>> >>> >>>> >>> >>>> >>> >>>> Regards >>> >>>> >>> >>>> >>> >>>> >>> >>>> *Gloria Greene, MA, CRA* >>> >>>> >>> >>>> Director >>> >>>> >>> >>>> UAHuntsville, Office of Sponsored Programs >>> >>>> >>> >>>> SRA-Alabama Chapter, *Vice President-Elect* >>> >>>> >>> >>>> 301 Sparkman Drive, VBRH E26 >>> >>>> >>> >>>> Huntsville, AL 35899 >>> >>>> >>> >>>> Voice: (256) 824-2657 >>> >>>> >>> >>>> Fax: (256) 824-6677 >>> >>>> >>> >>>> Email: xxxxxx@uah.edu >>> >>>> >>> >>>> >>> >>>> >>> >>>> *"The person who knows 'how' will always have a job. The person who >>> knows >>> >>>> 'why' will always be his boss." -- Diane Ravitch* >>> >>>> >>> >>>> >>> >>>> >>> >>>> *Please do not print this email unless necessary.* >>> >>>> *Take Charge,* *Go GREEN!* >>> >>>> >>> >>>> [image: yep] >>> >>>> >>> >>>> >>> >>>> >>> ====================================================================== >>> >>>> Instructions on how to use the RESADM-L Mailing List, including >>> >>>> subscription information and a web-searchable archive, are available >>> >>>> via our web site at http://www.healthresearch.org (click on the >>> >>>> "LISTSERV" link in the upper right corner) >>> >>>> >>> >>>> A link directly to helpful tips: http://tinyurl.com/resadm-l-help >>> >>>> >>> ====================================================================== >>> >>> >>> >>> >>> >>> ====================================================================== >>> >>> Instructions on how to use the RESADM-L Mailing List, including >>> >>> subscription information and a web-searchable archive, are available >>> >>> via our web site at http://www.healthresearch.org (click on the >>> >>> "LISTSERV" link in the upper right corner) >>> >>> >>> >>> A link directly to helpful tips: http://tinyurl.com/resadm-l-help >>> >>> ====================================================================== >>> >>> >>> >> >>> >> >>> >> ====================================================================== >>> >> Instructions on how to use the RESADM-L Mailing List, including >>> >> subscription information and a web-searchable archive, are available >>> >> via our web site at http://www.healthresearch.org (click on the >>> >> "LISTSERV" link in the upper right corner) >>> >> >>> >> A link directly to helpful tips: http://tinyurl.com/resadm-l-help >>> >> ====================================================================== >>> > >>> > >>> > ====================================================================== >>> > Instructions on how to use the RESADM-L Mailing List, including >>> > subscription information and a web-searchable archive, are available >>> > via our web site at http://www.healthresearch.org (click on the >>> > "LISTSERV" link in the upper right corner) >>> > >>> > A link directly to helpful tips: http://tinyurl.com/resadm-l-help >>> > ====================================================================== >>> >>> >>> ====================================================================== >>> Instructions on how to use the RESADM-L Mailing List, including >>> subscription information and a web-searchable archive, are available >>> via our web site at http://www.healthresearch.org (click on the >>> "LISTSERV" link in the upper right corner) >>> >>> A link directly to helpful tips: http://tinyurl.com/resadm-l-help >>> ====================================================================== >>> >> >> ====================================================================== >> Instructions on how to use the RESADM-L Mailing List, including >> subscription information and a web-searchable archive, are available via >> our web site at http://www.healthresearch.org (click on the "LISTSERV" >> link in the upper right corner) >> A link directly to helpful tips: http://tinyurl.com/resadm-l-help====================================================================== >> >> ====================================================================== >> Instructions on how to use the RESADM-L Mailing List, including >> subscription information and a web-searchable archive, are available via >> our web site at http://www.healthresearch.org (click on the "LISTSERV" >> link in the upper right corner) >> >> A link directly to helpful tips: http://tinyurl.com/resadm-l-help====================================================================== >> > > >====================================================================== > Instructions on how to use the RESADM-L Mailing List, including > subscription information and a web-searchable archive, are available > via our web site at http://www.healthresearch.org (click on the > "LISTSERV" link in the upper right corner) > > A link directly to helpful tips: http://tinyurl.com/resadm-l-help >====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.healthresearch.org (click on the "LISTSERV" link in the upper right corner) A link directly to helpful tips: http://tinyurl.com/resadm-l-help ======================================================================
