TYPES AND FACTORS OF FORMING AWARDS IN THE FIELD OF ENGINEERING SERVICES

Abstract

In this article are considered the basic accepted types of mutual settlements and
rewards for engineering and consulting services in the engineering field, as well as factors determining
the amount of engineering and consultancy remuneration. As the significant impact
on the quality and effectiveness of engineering services, as well as the successful completion of
projects, is provided by the appropriate and timely payment of the consultantʼs work performed,
the problem of determining the amount of payment for consulting services in the field of engineering
becomes more urgent than ever. The effectiveness of engineering services is directly related
to the initially properly built relationships with the client. Given the complexity of
determining the real value of consulting services and at the same time the internal costs of engineering
firms, along with regular attempts to discredit them by clients, the article reflects the
main methods adopted. The article also covers the main methods of calculating expenses of consulting
and engineering firms and their expenditures, as well as mutual settlements for the performed
works performed by engineering and consulting services.
Key words: calculation of time spent, calculation of expenses of the consulting firm for the
salary plus direct pocket costs, calculation of the actual costs of the consulting firm plus a fixed
fee, calculation of the percentage of the estimated or actual cost of the project, the calculation
of a pre-determined amount of lump sum payment.