ICAEW.com works better with JavaScript enabled.

Exhibit 2: 20 questions the value council should ask itself before establishing a price

A list of questions the value council should ask itself when setting up a fixed price agreement.

This 'exhibit' relates to the third part in the series of articles 'Pricing on purpose: how to implement value pricing in your firm', by Ronald J. Baker.  

  • What do you expect from us?
  • What is your current pain?
  • What keeps you awake at night?
  • How do you see us helping you address these challenges and opportunities?
  • What growth plans do you have?
  • If price were not an issue, what role would you want us to play in your business?
  • Do you expect capital needs? New financing?
  • Do you anticipate any mergers, purchases, divestitures, recapitalizations, or reorganizations in the near future?
  • We know you are investing in total quality service, as are we. What are the service standards you would like for us to provide you?
  • How important is our service guarantee to you?
  • How important is rapid response on accounting and tax questions? What do you consider rapid response?
  • Why are you changing firms? What did you not like about your former firm that you do not want us to repeat?
  • How did you enjoy working with your former firm?
  • Do you envision any other changes in your needs?
  • Are you concerned about any of your asset, liability, or income statement accounts to which we should pay particularly close attention?
  • If we were to attend certain of your internal management meetings as observers, would you be comfortable with that?
  • How do you suggest we best learn about your business so we can relate your operations to the financial information and so we can be more proactive in helping you maximize your business success?
  • May our associates tour your facilities?
  • What trade journals do you read? What seminars and trade shows do you regularly attend? Would it be possible for us to attend these with you?
  • What is your budget for this type of service?