Hi Anne!
Since this is for a response to an RFP, I suggest reaching out to the prospective client and asking if they have a budget for the project. When asking for the budget, I often say that I can offer a range of whatever service I'm proposing to fit a wide variety of budgets and that understanding what they are expecting will help me tailor my proposal to their specific needs.
If their budget is less than I would normally charge, I structure my proposal to fit what I can offer them for that amount, sometimes including optional elements with pricing that they can add on (sometimes folks are willing or able to spend more when they know what they might get them). If I can't fit my services to their budget, I don't submit a proposal.
Generally, I base my fees on an estimate of how many hours it will take me to do the project, multiplied by my standard hourly rate (which factors in that I now cover all my own overhead, such as tech tools and insurance), plus any additional project costs (like supplies or travel). If they aren't willing to provide a budget, I submit what I believe is reasonable for me to do a great job for them.
Hope this helps. I'm also happy to chat offline if you want to discuss more specifics.
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Thanks!
Jami Yazdani, MLIS
Chief Consultant, Yazdani Consulting and Facilitation
Community Founder, Consultants for Libraries
She/Her/Hers
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Original Message:
Sent: Jan 09, 2024 04:48 PM
From: Anne Casey
Subject: Advice on a Consulting Fee
Hello,
I am working on an RFP for a consultant to conduct an assessment of a library leadership institute. Can anyone advise me on a reasonable fee?
Thanks,
Anne
-- Anne Marie Casey
386-214-8255