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We've obtained a proposal for managing our LL 11 facade work (a project which will be in the mid-6-figures).
The rates proposed are $305/hour for the engineers and $235/hour for staff members.
Does anybody know how these rates compare with other engineering firms'?
Also, they want to reserve the right to increase their rates (over and above the $10/hour that will kick in on Jan. 1 of any year. Is this a usual and customary provision?
Also, the engineers want the right to veto arbitration in the event of a dispute between them and us. Is this common? Desirable?
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My engineers charge about 250/195 and typically would provide a flate rate quote on the report and only the construction project would incur the hourly rate.
Best
~AR
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