Skip to content
Link copied to clipboard

So how much does a cost efficiency consultant charge?

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.