Do consultants typically get paid for travel time?
Do consultants typically get paid for travel time? Most consultants who travel more than I do bill for travel time. Some bill at their full hourly rate and some bill at half their hourly rate. There is usually a cap of 8-10 hours a day even if your travel takes longer.
How do consultants get paid?
Some consultants prefer an hourly rate, while others charge per project or based on a retainer. You can choose whether you want to be paid up front or at certain milestones along the way. There's also a variety of payment methods you can accept, ranging from cash and checks to credit cards and digital wallets.
What is considered a travel cost?
Examples of deductible travel expenses include airfare and lodging, transport services, cost of meals and tips, and the use of communications devices.
Does McKinsey pay for travel?
Full reimbursement for travel expenses (eg, taxis, trains, black cars, hotels, rental cars, etc). McKinsey and BCG have recently moved to shift airfare spend to a corporate card.
Do consultants get paid for their travel time?
No - big firms don't charge clients for time consultants spend travelling, because it's part of their workday which is usually invoiced regardless of the real time you spend working. But travel expenses are invoiced, either through an increase in rates (all-in rates) or direct expenses (transportation, hotels,…).