RainToday.com Releases New Fees and Pricing Benchmark Report: Architecture, Engineering, and Construction Industry 2008FRAMINGHAM, MA - May 12, 2008 – The newly released research study from RainToday.com and the Wellesley Hills Group, Fees and Pricing Benchmark Report: Architecture, Engineering, and Construction Industry 2008, finds the majority (80%) of architecture, engineering, and construction firms have seen their fees-for-service increase at least some in the past two years. While more than one-quarter (27%) of architecture, engineering, and construction firms expect their fees to remain stable in the next one to two years, two-thirds (67%) of firms expect their fees to increase at least "somewhat." Only 3% of firms expect a decrease in the next one to two years.
The top factors that influenced their fee increases were:
1. Costs/Overhead
2. Competition/Market
3. Company Improvement/Experience/ Reputation
Fees and Pricing Benchmark Report: Architecture, Engineering, and Construction Industry 2008 provides the actual hourly dollar rates by brand leaders, size of firm, and positioning. Other major findings include:
• How do large firms and small firms differ in their fees and pricing? Who gets higher fees and by how much?
• How often do firms discount their fees? How much of a discount is offered?
• What are the most important factors firms consider when pricing architecture, engineering, and construction services?
• What pricing strategies are most commonly used? Is the billable hour really dead?
• Are service guarantees being used? What do these guarantees cover?
• What factors influenced price increases and decreases over the past two years?
“People want to know about how they compare to others regarding fee structures, pricing approaches and strategies, discounting, and overall pricing challenges,” said John Doerr, Co-President of Wellesley Hills Group. “Knowing how competitors in the industry are pricing their services will help firms be more competitive and more confident in their pricing.”
Fees and Pricing Benchmark Report: Architecture, Engineering, and Construction Industry 2008 is the third of five industry reports to be released. Fees and Pricing Benchmark Reports have been released for the following industries: Consulting and Marketing, PR, and Advertising. The following Fees and Pricing Benchmark Reports are available for pre-order: Fees and Pricing Benchmark Report: Law Firms & Legal Services Industry2008 and Fees and Pricing Accounting & Financial Services Industry 2008.
For additional report details and to view a complete table of contents of the Fees and Pricing Benchmark Report: Architecture, Engineering, and Construction Industry 2008 report, please visit the RainToday website at http://www.raintoday.com/feesandpricingarchitecture.cfm.
About RainToday
RainToday.com is the premier online provider of information, resources, and tools for service business rainmakers, marketers and leaders. RainToday.com features the most up-to-date resources including articles by industry experts, how-to-guides and tools, sales and marketing research reports, webinars and events, and a weekly newsletter. For more information, visit http://www.raintoday.com.
About Wellesley Hills Group
The Wellesley Hills Group is a management consulting, marketing, and lead generation firm focused on helping professional services firms grow. Wellesley Hills Group publishes RainToday.com to provide a premium source of information for professional services firms and service practitioners to help them market and sell their services.
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