Project Engineer billing rates and multipliers
Project Engineer billing rates and multipliers
(OP)
I am curious as to what kind of rates and multipliers people have been seeing. I'm particularly interested in the midwest. I remember a time when 3.0 was acceptable but now it seems companies are squeezing to 3.5 to 4.0 minimum. So at $100 an hour, should a Project Engineer with a PE be making $33 an hour or something more like $28? Just an example of course.
Please comment, it would be greatly appreciated.
Please comment, it would be greatly appreciated.





RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
2.5 is average around the DC area for government work or large firms fees.
Small firms go as low as 1.8 in private sector.
Clients are getting savy, they don't want to pay for all the details in your database.
RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
In the Chicago area, it was common practise to have the multiplier and get a bonus based on some simple, stupid measures. It we even finish the project we get 5%, bet the 14 year deadline and we get an additional 5%. I looked at those as just a way of hiding a markup to a 2.2 instaed of a 2.0
RE: Project Engineer billing rates and multipliers
RE: Project Engineer billing rates and multipliers
DOT work here is about 2.86. Other work is around 3.0. This is federally audited and includes a 10% min profit (max for DOT work)
Multiplier is a 2 edged sword. As mulitplier increases your burn rate increases and gives you less time to do the work as the engineer, but your company makes more money for your time at that multiplier and will increase revenue.
It sounds like you are looking at the rate schedule and where you fall on it and how much the company is making off your hard work.
RE: Project Engineer billing rates and multipliers
Pretty much. I'm actually looking to change jobs. Just trying to figure out a number to shoot for.
RE: Project Engineer billing rates and multipliers
I know here in Ontario the bigwigs get around 2.5-3 and the juniors (who do most of the number crunching) are around 3.0-3.5.
RE: Project Engineer billing rates and multipliers
They recommend 2 to 2.5 times full salary cost (base salary plus vacation pay, benefits etc). The 2.5 number is short term work and the 2.0 number is for long term engagements.
See www.apegm.mb.ca and follow the link. I think its under “Information for the Public”
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion
www.kitsonengineering.com
RE: Project Engineer billing rates and multipliers
TTFN
RE: Project Engineer billing rates and multipliers
This number can vary widely based on utilization, benifits paid for with company funds (vacation, 401K, etc.), company functions such as picnics, and the amount paid for offices, utilities, size of non-billable staff, etc. If this number gets too high, then they may need a higher multiplier.
Also, keep in mind that your position, and its billable rate, have a salary range that it can support. If you are hired on at the top, you may need a promotion to get a raise.
RE: Project Engineer billing rates and multipliers
However a multiplier of 1.0 is better than a multiplier of 0.0
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion
www.kitsonengineering.com