AE Blog - Managing Professional Fees
Approximately 40 percent of all claims originate from fee disputes. If the client doesn’t pay the fee for design services, there is most likely a cause for it and the grounds behind it may vary. A client may be dissatisfied with the service received, or a project’s price tag may be higher than the client had expected. Maybe there are more change orders on a project than the client is prepared to pay for, or the client merely may have run out of funds and is looking to the design professional to recover some of the expense. Understanding these nuances of professional liability is crucial to maintaining a healthy business, especially in high-stakes fields like engineering. Leveraging engineering PLI and engineering E&O experts can make the difference when clients want to leave you with the tab. For more on this insightful topic, read our article.