project management

How Do You Pay a Capture Management Consultant?

By | consulting, management, project management | No Comments

Capture management consultants rarely work a typical forty-hour or more week. They might spend a half-day at the office, work in the evening hours, or report in from a remote office. But with flexible scheduling comes flexible payment options. When you hire a consultant, you work out contractual payment terms before they start work. Typically, you are looking at one of three different pricing models:

  • Hourly or time and material
  • Firm/fixed rate or retainer
  • Firm/fixed rate with bonus

Each of these payment models offers some positives and negatives. Before you sign on the bottom line, do some serious thinking about which will offer the most value for your business. Read More