Consultant Fees - What is a Consultant Worth?

Elsmar Forum Sponsor
W

WALLACE

#12
I've noticed a drop in consultancy fee's.
I recently offered a service to a client who baulked at my $500. CDN for a full day system assessment and report. A full day being defined as between 6 and 10 hours.
Three years ago I was having no problem attaining $500. for a full day system assessment.
How times are a changing.
Wallace.
 

DannyK

Trusted Information Resource
#13
Consulting fees

Business has slowed down from the last year.

Consultants for ISO 9001:2000 usually charge between $60-$120/hr.

My rates are very close to my competition, but they usually quote double the number of hours for a project.

I have picked up 3 contracts since the beginning of the year. My clients are not arguing over the rates but on total cost.
 
W

wrodnigg

#14
Since I have been Consultant too, I want to add my 2 (Euro)Cents:

The economy is depressed during the last year, so most companies have to save costs. Many of them have a hire freeze or even a zero expense directive. So it is hard to bring off new contracts. And this lowers the rates.

I think all consultants have the same problem and the Big Five are more in trouble because they have to fund the organizational overhead...
 

Marc

Hunkered Down for the Duration with a Mask on...
Staff member
Admin
#15
DannyK said:
I have picked up 3 contracts since the beginning of the year. My clients are not arguing over the rates but on total cost.
How do companies 'find' you?
 
A

Atul Khandekar

#16
Curious

What about training business? My observation here is that even though consulting business is in low gear, there is a good market / money for focused training programs on topics such as FMEA, SPC, GD&T, MSA etc.

Also, do we have any Six Sigma Consultants on board? What's the scene like in 6S Consulting?
 
#17
Atul Khandekar said:
What about training business? My observation here is that even though consulting business is in low gear, there is a good market / money for focused training programs on topics such as FMEA, SPC, GD&T, MSA etc.

Also, do we have any Six Sigma Consultants on board? What's the scene like in 6S Consulting?
I would agree. We offer both consulting and training. The consulting daily rate is 1250, and the training rate is based on the length of time. For example, our 3-day TS Internal Auditor class is 695. Our Black Belt is 5800. The seminar classes have picked up rather dramatically, while the consulting end seems to be barely treading water.
 

Mike S.

Happy to be Alive
Trusted Information Resource
#18
What is a consultant worth? Short answer: Whatever the customer agrees to pay! (I'm a capitalist at heart!)

But that is a wide-open question. Consulting is governed by supply-and-demand as much as anything else -- there are other factors, but S&D is certainly a biggie. While there may be lots of "ISO-9001" consultants out there, there are fewer consultants with expertise, say, in designing space telescopes, or making synthetic diamonds, thus their per-day rates will be much higher.

In the quality tools, quality system, and general "business" training (supervisory training, conflict management, safety, etc.) categories I've seen a day rate range of less than $200/person for attendance at a community college training seminar to $1000/day for an on-site ISO consultant.

In the final analysis, some consultants were "worth" every penny paid plus some, and some weren't worth the waste in personnel time expended even if they had come for free.
 

DannyK

Trusted Information Resource
#20
Companies usually find me by word of mouth. I have excellent relationships with registrars and auditors. Their recommendations carry a lot of weight.
 
Thread starter Similar threads Forum Replies Date
JoCam MDR Gap Analysis - Consultant fees EU Medical Device Regulations 10
chris1price EtO Sterilisation Consultant Wanted Job Openings, Consulting and Employment Opportunities 0
normhowe Seeking a De Novo Consultant Paid Consulting, Training and Services 7
K ISO 50001 Consultant wanted Paid Consulting, Training and Services 0
E Consultant with Office 365 experience Consultants and Consulting 2
D Automotive Hospitality Consultant Career and Occupation Discussions 11
L AS 9100 D consultant in Delhi, India AS9100, IAQG, NADCAP and Aerospace related Standards and Requirements 1
D ISO 9001 & AS9100 Certificate issued by a consultant for a Distributor Registrars and Notified Bodies 11
S MDR consultants - in search of recommendations for a consultant for MDR transition. Paid Consulting, Training and Services 7
A ISMS - Seeking VAPT Consultant Food Safety - ISO 22000, HACCP (21 CFR 120) 1
William55401 How Often Does FDA State Consultant Recommended in a Pharma WL? US Food and Drug Administration (FDA) 1
H Looking for Tips on finding an IATF consultant Consultants and Consulting 6
L ISO 13485 5.5.2 - Can a consultant be our Management Representative ISO 13485:2016 - Medical Device Quality Management Systems 5
D Clinical Evaluation Report - Consultant Recommendations Consultants and Consulting 9
M Internal audit consultant ISO 13485 (English speaker) Consultants and Consulting 3
P Consultant Auditing Qualifications Requirements ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 23
N Is consultant prohibited in ISO9001 audit? ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 66
N Is ISO14001 consultant allowed to attend ISO14001 audit? ISO 14001:2015 Specific Discussions 17
S ISO 13485 Consultant Question - The company has 5 part time employees ISO 13485:2016 - Medical Device Quality Management Systems 1
C Specification Developer or Consultant? Definitions 21 CFR Part 820 - US FDA Quality System Regulations (QSR) 1
R Who here is Using a Consultant for ISO 9001 Transition? ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 2
A Setting up an LLC as a Consultant Paid Consulting, Training and Services 27
K Sister Company Moving to AS - First time "consultant" - Help? AS9100, IAQG, NADCAP and Aerospace related Standards and Requirements 17
S Can anyone share a Consultant Proposal for QMS Remediation? Consultants and Consulting 5
T IATF Certified Auditor/Consultant Wanted in the Evansville, Indiana Area Consultants and Consulting 0
M Can a Consultant be the main contact for a Medical Device Company? Other Medical Device and Orthopedic Related Topics 6
F Cost of hiring ISO 17025 Consultant to Build Laboratory From Scratch ISO 17025 related Discussions 6
J Is getting a UDI Consultant a good idea? Other Medical Device Regulations World-Wide 4
E Consultant Person who implemented ALSO the Registrar Auditor? Consultants and Consulting 17
H How to find a good ISO 9001 Implementation Consultant in Calgary, Canada? ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 9
P How to deal with a Recruitment Consultant Career and Occupation Discussions 3
A Creative ways to access Expert Information when you can't afford a top $ Consultant Misc. Quality Assurance and Business Systems Related Topics 7
S Design and Development Document evidence for Engineering Consultant ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 3
P FDA QSR Inspection Consultant Recommendations 21 CFR Part 820 - US FDA Quality System Regulations (QSR) 11
L Mock Audit by External Consultant (ISO 13485) 21 CFR Part 820 - US FDA Quality System Regulations (QSR) 8
S GDPMD MALAYSIA Consultant and what they teach Other Medical Device Regulations World-Wide 14
Jen Kirley This international consultant thing sure is a ride! Career and Occupation Discussions 13
R Ethical Aspects while being Consultant and Certifier within same Organization. Consultants and Consulting 6
M Can an Auditor introduce a Consultant to help fix NCs after the audit? General Auditing Discussions 12
G Has anyone used shlomo Aviv-lean consultant? Lean in Manufacturing and Service Industries 1
E What are the major difficulties when working as a consultant in your industry? Consultants and Consulting 20
S Advice on becoming an ISO Management Systems Consultant ISO 9000, ISO 9001, and ISO 9004 Quality Management Systems Standards 25
C Medical Device Regulatory Consultant in Mexico Other Medical Device Regulations World-Wide 3
P Can an outside consultant audit all the AS9100 requirements including Internal Audit? AS9100, IAQG, NADCAP and Aerospace related Standards and Requirements 24
R ISO 17025 Accreditation - Need for consultant? ISO 17025 related Discussions 10
JoCam Reputable, UK based Consultant for the Health & Safety standard OHSAS 18001 Consultants and Consulting 14
I How to measure the performance of ISO 9001 Consultant? Consultants and Consulting 9
R Charge (Fair Prices) by a Consultant for a traditional 510k Review Other US Medical Device Regulations 2
P Medical Device Consultant Professional Liability Insurance (O & E) Career and Occupation Discussions 5
N Consultant Obligations, CFR 803 and Sterility Quality Manager and Management Related Issues 4

Similar threads

Top Bottom