So how much does a cost efficiency consultant charge?
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So how much does a cost efficiency consultant charge?
Catherine Lucey
Just how much does it cost to become more efficient?
The Nutter administration today announced plans to hire a consultant to analyze the city’s overhead costs. FTI Consulting will look at how much the city spends on utilities, phone bills, lease costs and other expenses, according to a press release from the city. The firm will give the city a report with recommendations on how to become more efficient in November.
City officials said that this effort would help reduce city expenses, thus benefitting taxpayers. Still, PhillyClout wondered how much this review was going to cost taxpayers.
The answer was interesting. The firm will be paid $200,000 for their review and report, said the mayor’s spokesman Mark McDonald. But they’ll also get 3 percent “success fee” of any savings they find that are implemented. So if they find $10 million in savings, they get $300,000. That payment will be capped at $700,000.
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David Gambacorta spent a small eternity writing about cops, drug dealers and serial killers. Now he’s writing about power and politics – which sometimes reminds him of the old crime beat. He joined the Daily News in 2005. And yes, he knows you’re not quite sure how to pronounce his last name. E-mail tips to gambacd@phillynews.com
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Jan Ransom, a native New Yorker, joined the Daily News in 2010 after graduating from Howard University. She has since written about the difficulty of filing police complaints, tax deadbeats and life after violent home invasions. She joined the Daily News City Hall Bureau in 2011 and has plunged headfirst into reporting on administration budget battles and City Council shenanigans. E-mail tips to ransomj@phillynews.com
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Sean Collins Walsh is from Bucks County and went to Northwestern University. He joined the Daily News copy desk in 2012 and now covers the Nutter administration. Before that, he interned at papers including The New York Times, The Dallas Morning News and The Seattle Times. E-mail tips to walshSE@phillynews.com
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