Value Pricing Adjustments
March 2nd, 2010 by Brian Alwine | Tags: Contingent Fees, Value Adjustments, Value Billing, Value Pricing | Posted in Value Pricing |Inspired by the folks at Valorem Law, we recently sent out a bill with a value adjustment line. Since the project was a consulting engagement, not an independent appraisal, we let our client have the final say in whether or not we added value.
I’ve been wondering if something like this could be structured appropriately on an appraisal assignment, since contingent fees are prohibited under professional standards.
What do you think… Does a value adjustment line represent a contingent fee or look too much like one? What if it were limited to non-appraisal result factors such as time to complete, communication metrics, etc.?
