Rates are what you bill per hour for the time recorded against projects and stages. They are also how you accrue the charge against a fixed fee. An AEC practice needs multiple rates for different staff levels or services provided. Moreover, architectural, engineering and construction design businesses don’t just bill time for people, but also equipment, printing, and fixed rates like site inspections.
Use the tool below to calculate your firm multipliers and project role hourly billing rate. If you want a more granular way to calculate your rates, you can do so in a Synergy subscription.
Synergy lets you select rates when entering timesheets or expenses and/or during invoicing. The rate value and markup percentage can be edited using variations to reflect the updated rate for each quarter or year. Business level users and above can add rate discounts or surcharges at a project or stage level.
Talk to us for a demo so we can show you how.