Related Posts
Hello all, I have an offer from Quantiphi and another famous travel company which is building a technical arm for themselves. Both the companies are offering same compensation. HRs are calling for offer acceptance. I am leaning towards Quantiphi as the culture is well known to me.
But I have to decide soon. Should I accept both the offers and then decline one at the time of joining. I am new to this and find this a little unethical. Can someone help?
More Posts
Conversation Starter
Visual Storyteller
Additional Posts in Consulting
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Typically the client expenses are separate from billable work . I only see this benefiting the client and not the contractor
Depends on how your contract with the client was setup
Many different ways to set it up, but a few typical scenarios:
-Actual expenses are passed through to the client up to a certain amount
-A set amount is set aside for expenses - if expenses go over that amount, the consulting firm loses money; if they stay under, the consulting firm profits
-No formal amount is set aside for expenses, but they're informally baked into the cost of the engagement
If time and materials, usually no. Expenses are a different pot not to be repurposed for fees.
If fixed fee with an internal carve out for fees and expenses, the unused expenses can be applied to fees. So yeah, it really ‘depends’ :-)
My expenses are billed directly back to the client so no impact to project margins. In my experience, most expenses are billed back to the client.
Maybe if it was a fixed fee engagement, including expenses.
This. But very rarely are expenses built in. They can be handled differently in accounting practice so you definitely want them separate.
Often yes, sometimes no.
Check the SOW. For my projects, it isn’t a fixed cost but rather open- ended saying “if onsite travel is required, it shall be paid by client” and the client is responsible for giving us a budget to stick to based on estimates the PM will send to them. But I also am not a Mo-Thu traveller