Household Services Valuation Cost

By KW Economics Editorial Team · Updated

Household services analysis is billed at an hourly rate against a retainer established at the outset, with a written fee schedule and a cost estimate before work begins. The scope of the engagement, and so its cost, depends on the factors below.

How household services is billed

Household services valuation is billed at an hourly rate for records review, data collection, modeling, report preparation, and testimony. A retainer is established at the outset and applied against time incurred. The current rate schedule and retainer terms are provided on request and confirmed in a written engagement agreement.

What sets the scope

Household services engagements are scoped to whether the loss is total or partial, the number of service categories affected, and how much the household's pre-injury division of labor must be documented. A stand-alone valuation for a single household is the narrowest scope; a partial loss that must be apportioned by category, or a valuation that has to reconcile with a life care plan's attendant care hours, widens it. We provide a written fee schedule and a cost estimate before work begins.

What drives cost

Also for this service

Schedule a consultation

Guides and methods

References

Request a consultation on Household Services or call (201) 343-0700. Plaintiff and defense counsel.