Analyzing the Cost of Providing a Service
There are five basic steps to setting a fee:
1.Choose a Fee Method
The next step is to select the most appropriate fee method.Do a Competitive Analysis
The next step in establishing a fee is to research the "going rate" for the service and
the fees your competitors are likely to quote. A common range for comparable jobs
4 . 4 S e t t i n g F e e s a n d A l t e r n a t i v e F e e Types 211
PART 2 : PRACTICE
exists in most cases and can often be checked with other experienced firms that are not
competing for the same project. This "comparing of rates" is done all the time, and a
principal in either a new or established firm should not be shy about asking for advice.Do a competitive analysis.Choose a fee method.2.3.4.5.????????????????