What is a rate card in the context of consulting?

In the context of consulting, a rate card serves as a pricing system that outlines the per-unit rates for various services provided by the consulting firm. It acts as a transparent reference for clients to understand the cost structure, ensuring clarity in billing and project estimation. By detailing different services and their respective prices, the rate card enables consultants to standardize their fees across projects, allowing for easier comparisons and budgeting for clients. This system benefits both consultants and clients by establishing a common understanding of service costs and helping to manage financial expectations throughout the consulting engagement.

The other options, while related to real estate and business practices, do not capture the essence of a rate card. For example, a document listing all properties for sale focuses on real estate listings rather than pricing for consulting services. Discounts for repeat clients are a different aspect of client relationship management and pricing strategy, but they do not constitute a rate card. Similarly, a breakdown of expenses pertains to project management and accounting rather than the initial pricing framework laid out in a rate card.