They also receive paid vacations and sick leave. Get the latest market price for benchmark jobs and jobs in your industry. Our bill rate includes the following items: 35-45% markup depending on the length of the contract (less markup for longer-term contracts) Markup includes payment of hourly rate to contractor. The estimated hours it will take to complete the project, The location where the project will be completed. MI. Even the best consultants can occasionally experience a lull in business and may need to lower their rate temporarily. : This method is a pricing approach in which the business consultant determines the value of the services to be provided and charges a fee that represents that value. Hourly billing rate plus reimbursable expenses and a "not to exceed" amount for specified services (hourly) Per diem (fixed charge per day) Cost plus fixed fee Lump sum or fixed price Salary Cost Times Multiplier Plus Direct Non-Salary Expense (multiplier) 1 Mokarram Iqbal Happy to Help..Geeky to ask Author has 225 answers and 337K answer views 6 y Related How much does an Electrical Engineer - Expert/Consultant make in the United States? We also provide short circuit analysis. Some of these include: Now that you understand some of the factors that influence average consulting fees, lets take a look at some averages by industry. Im looking to start doing a little freelance drafting on the side. $67,500 - $75,999 13% of jobs $76,000 - $84,499 18% of jobs The average salary is $90,645 a year $84,500 - $92,999 17% of jobs $93,000 - $101,499 Check out some of the electrical engineering services our freelancers offer, from PCB design, Product engineering, Reverse engineering, Electronic product design, and many more. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $150,790 to $183,590 with the average total cash compensation of $168,290. Many people work out an hourly rate, but actually charge by the half-day, day, project or another arrangement. It can be ideal for smaller projects where you only need preliminary design analysis or advice on known technical difficulties. Easy to do if you have a high enough hourly rate. I know I should charge more than what my current salary breaks down to, as I would need to cover all other items. Individualize employee pay based on unique job requirements and personal qualifications. This is often used for longer-term consulting projects. Get the latest market price for benchmark jobs and jobs in your industry. Managing Experience: If you are an Electrical Engineering Consultant Consultant Personnel Billing Rates. 7 + years experience u\Kr X{+R=_72 yX p:A p:A p::o &o &2" 3"2"2(*******C^y===<===<===<===<===<===<= Hd9-4z3i0OMp Hire Freelancers Clients rate Electrical Consulting Engineers 4.7/5 based on 3,237 client reviews $75/hr Aleksei I. Hour. And you already have a job, so this is your free time we're talking about. Thanks. We offer general electrical engineering consulting as well as testing and commissioning to companies with new construction. The hourly rates will be used for evaluation purposes as set forth in the instructions herein. - ESultanik. However, some general averages can be provided. Get Paid. They can help with the safety of your employees, and keep your equipment running longer. How much does an Engineering Consultant make hourly in the United States? Presumably they're going with you because you offer value the big firms cannot? Each can cost thousands of dollars, excluding the software packages to visualize the data. Also, I'll add that your fears about not being able to provide scalability spark just one thought: if that is in demand, fulfill it - you have contacts all over the place at this point - draw on that talent. HR consultants charge between $95 to $190 per hour, with $140 being the average. Consulting firms for big businesses. r/engineering is a forum for engineering professionals to share information, knowledge, experience related to the principles & practices of the numerous engineering disciplines. Skills associated with Engineering Consultant: See user submitted job responsibilities for Engineering Consultant. There are a few things you can do to increase your chances of success when negotiating your consulting rate: By following these tips, youll be able to negotiate consulting rates that work for both you and the client. For every project, i.e., they charge a little more to compensate for any potential business slowdown. 0000018559 00000 n Staff Costs (Salary Plus Overhead) Principal: $150 per hour; Project Manager: $120 per hour; Senior Engineer: $100 per hour; Design Engineer: $75 per hour; CADD: $50 per hour; Administrative: $40 per hour; Project Requires the Following Time Commitments: Principal: 30 hours; Project Manager: 350 . Not the job you're looking for? Below is an example of a typical contractor and our corresponding fees. The economy and job market also play a role in the demand for consulting services. However, you dont want to price yourself out of potential work. Good tip; thanks! We send licensed engineers into the field to personally oversee all tests and data collection. If you are thinking of becoming an Electrical Engineering Consultant or planning the next step in your career, find details about, Electrical Engineering Internship Salaries, Lakhani & Jordan Engineers Pc Electrical Engineering Consultant salaries - 4 salaries reported, AKF Group Electrical Engineering Consultant salaries - 2 salaries reported, Cisco Systems Electrical Engineering Consultant salaries - 1 salaries reported, DuPont Electrical Engineering Consultant salaries - 1 salaries reported, Hatch Electrical Engineering Consultant salaries - 1 salaries reported, Wall Management Corp Electrical Engineering Consultant salaries - 1 salaries reported, ARTEMIS Electrical Engineering Consultant salaries - 1 salaries reported, the role, the career path and salary trajectory of an Electrical Engineering Consultant. Demonstrate successful history of working in the security integration/consulting system field, with at least five years of security. Electrical engineering consulting costs - factors 1. Includes Facility Walkdowns, Coordination, and Short Circuit Analysis. We have researched the job market for this profession in detail and derived average values. For agreements based on actual hours expended or for the additional authorized work on lump sum projects, the following hourly rates shall apply: Principal-In-Charge $175.00, Technical Consultant $150.00, Professional Engineer $150.00, Registered Architect $150.00, Professional Planner $150.00, Project Engineer $125.00, Project Architect $125.00, Project Manager $110.00, Environmental Scientist $100.00, Engineer $ 90.00, Architectural Designer $ 80.00, Engineering Designer $ 80.00, Sr. CAD Operator/Technician 1 $ 90.00, Jr. CAD Operator/Technician 2 $ 80.00, Environmental Specialist $ 65.00, Environmental Field Tech $ 50.00, Other Employees 1.5 x employee rate. For example, the 2016 tax rates for single professionals start at 10% for the first $9,275 or yearly income, progressing through various tax brackets, up to 39.6% for all income exceeding $415,050. . Some are part of a firm or company, while others act as independent agents. Contact us today and receive a free quote from a friendly representative. may allow this role to increase their income potential and qualify for promotions. Schematic Design Services (18 Percent) In the Schematic Design phase, the A/E . Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. When you contact us, you wont have to chase an expert and leave voicemail after voicemail to get ahold of the right person. I have worked at a eng consultancy that was right on 5, and my current one is around 3.7. Engineering: $250: $292: $287: Construction and Contracting: $197: $246: $253: Engineering (Mechanical) $250: $286: $288: Automotive: . Bachelor's Degree. I would go initially for $175ish. 3 - Total Staff Requirements by MEP Consultant. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Analyze the market and your qualifications to negotiate your salary with confidence. Fixed Rate: A fixed fee is set for a specific project with agreed-upon deliverables. We have researched the job market for this profession in detail and derived average values. Billing will be based on the actual hours expended or the percentage of work completed, as provided for in the agreement. 0000004379 00000 n If we look at the consultant electrical engineering salary statistics in India as of 1 March 2023, the represented employee makes 12,57,500; to be more precise pay rate is 1,04,791.67 per month, 24,182.69 per week, or 584.61 per hour. 0000016824 00000 n I would go over to r/Entrepreneur and r/smallbusiness to get a better idea on consulting work, baseline I always heard is you need to start around 65-80/hr or you're going broke. Hourly Rate Schedule Professional, Technical and Consulting Services For agreements based on actual hours expended or for the additional authorized work on lump sum projects, the following hourly rates shall apply: Principal-In-Charge $175.00 Technical Consultant $150.00 Professional Engineer $150.00 Registered Architect $150.00 Hire the best Electrical Consulting Engineers Check out Electrical Consulting Engineers with the skills you need for your next job. The estimated total pay for a Electrical Engineering Consultant is $91,140 per year in the United States area, with an average salary of $77,256 per year. 0000109628 00000 n Master's Degree or MBA. The percentile wage estimate is the value of a wage below which a certain percent of workers fall. : A percentage of sales is a commission-based fee thats paid as a percentage of the sales generated by the consultants work. I've heard the 2x rule. A project estimator about 80% of the time, CAD Operator about 20%. Open up Google and search for the average salary for your position. Electrical building services engineer Bolton salary - 25,000 - 35,000 ref: 23484 an opportunity has arisen for a electrical building services engineer to work alongside a long-established. Guide on Hourly Fee Rates for Consultants 8 3 Method for Determining Hourly Fee Rates To determine a benchmark on which to base the fee rates, guidelines provided by the engineering industry and the Office of the Auditor-General were used. Bachelor's Degree, 5 + years experience 0000003349 00000 n Engineering consulting firms require engineers from multiple disciplines including civil, structural, mechanical, electrical, environmental, chemical, industrial, and agricultural. According to a 2000 survey by the IEEE (Institute of Electrical and Electronics Engineers), the average cost to hire consultants in the United States is as follows: Apart from experience, education levels also affect the cost a great deal. 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