sc
New member
- Oct 4, 1999
- 298
I have already posted this in the foundations forum, but though I would post here as well for some varied feedback.
With the recent increases in geotech PI Insurance costs and excesses (mine has increased by 50% and the excess by 250%) and building regulation requirements for providing PI Ins cover for long periods, should fees be drastically increased to cover these costs?
I know that fees for site classifications in accordance with AS2870 are generally between $200 and $500. From my quick calcs this does not adequately cover the cost of field time + equipment + office time + review time + insurance related costs.
I know that if I increase my fees without others increasing theirs, the only effect will be a reduction in my work load.
Any comments?
regards
sc
With the recent increases in geotech PI Insurance costs and excesses (mine has increased by 50% and the excess by 250%) and building regulation requirements for providing PI Ins cover for long periods, should fees be drastically increased to cover these costs?
I know that fees for site classifications in accordance with AS2870 are generally between $200 and $500. From my quick calcs this does not adequately cover the cost of field time + equipment + office time + review time + insurance related costs.
I know that if I increase my fees without others increasing theirs, the only effect will be a reduction in my work load.
Any comments?
regards
sc
