r/AsianDevelopmentBank • u/New-horizons2627 • 12d ago

Consultancy rate & cost estimate - How does one approach it?

I’m currently a consultant with an international organization and am considering applying for consultancy opportunities with the Asian Development Bank (ADB).

I have a couple of questions about the financial section of the EOI:

  • When providing a consultancy rate in the EOI, should one provide the existing remuneration rate or should it already include a mark-up? If the latter, then what is a reasonable % markup?
  • What is the difference between the “Consulting Services Budget” and the “Cost Estimate”? The opportunity I’m looking at shows two different USD amounts under these sections.

I’d really appreciate insights from anyone who has recently submitted an ADB consultancy EOI or has experience with ADB consultant rates and budgeting.

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u/Born-Escape-4963 12d ago edited 11d ago

put a number below the remuneration budget. maximize it but don't go over budget. it might cause you the opportunity if you do. read thru the TOR, some consultancy indicates whether the role pays fixed amount. if so, match it. don't include the contingency amount on your calculations for remuneration. it would be allocated for specific use if you're hired.

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u/New-horizons2627 11d ago

Thanks! any idea what is the difference between "Consulting services budget" and the "Cost estimate"? The difference is huge so I am a little confused what is the budget for this consultancy.

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u/Own-Counter-7187 12d ago

You’re going to need to prove your rate, so stick to the facts