×
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS

Log In

Come Join Us!

Are you an
Engineering professional?
Join Eng-Tips Forums!
  • Talk With Other Members
  • Be Notified Of Responses
    To Your Posts
  • Keyword Search
  • One-Click Access To Your
    Favorite Forums
  • Automated Signatures
    On Your Posts
  • Best Of All, It's Free!
  • Students Click Here

*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail.

Posting Guidelines

Promoting, selling, recruiting, coursework and thesis posting is forbidden.

Students Click Here

Jobs

Engineering Rates and Payment Schedule

Engineering Rates and Payment Schedule

Engineering Rates and Payment Schedule

(OP)
I am trying to determine what the average rate for Engineering Services should be. What do you feel the going rate for the following services should be?
1. Professional Engineering - Design, Analysis,Code Verification and Reporting
2. Designer Work - Modeling and Drafting
3. Clerical - Accounting and Document Preparation

Also what are standard Payment Schedules? Should I be requesting 25% upfront, 25% for preliminary design, and 50% at final submission with a net 30 requirement for payment?

RE: Engineering Rates and Payment Schedule

Every firm I know uses multipliers for staff rates. Typically lower paid employees have higher multipliers and more expensive employees get closer to a set margin above salary. The multiplier used is set so the company can pay its bills and make profit. Larger firms have the financial strength to lower multipliers and accept less profit on repetitive low risk work.

The standard payment terms I see in my area are 30 days before 10 to 20% interest. With government and large corporations they usually have there own terms or you need to negotiate. Upfront payment I've only seen used on numbered corporations, or low cost lump sum jobs.

Red Flag This Post

Please let us know here why this post is inappropriate. Reasons such as off-topic, duplicates, flames, illegal, vulgar, or students posting their homework.

Red Flag Submitted

Thank you for helping keep Eng-Tips Forums free from inappropriate posts.
The Eng-Tips staff will check this out and take appropriate action.

Reply To This Thread

Posting in the Eng-Tips forums is a member-only feature.

Click Here to join Eng-Tips and talk with other members! Already a Member? Login


Resources


Close Box

Join Eng-Tips® Today!

Join your peers on the Internet's largest technical engineering professional community.
It's easy to join and it's free.

Here's Why Members Love Eng-Tips Forums:

Register now while it's still free!

Already a member? Close this window and log in.

Join Us             Close