Consultancy rate... No idea where to start!
- Thread starter pioneer2000
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As an EG, a friend of mine has many years exp with Sage... a poor product that you could train a monkey to use, he Charges £75 an hour.
Another Friend, a Security analyst for the Military = £800 for the first hour and £500 thereafter.
My Company (whom i work for)... we charge £290 an hour for Sharepoint Consultancy, £400 for Citrix the list could go on.
SO, Put your price in at what you see is Fair + 20%
Another Friend, a Security analyst for the Military = £800 for the first hour and £500 thereafter.
My Company (whom i work for)... we charge £290 an hour for Sharepoint Consultancy, £400 for Citrix the list could go on.
SO, Put your price in at what you see is Fair + 20%
Your average experienced BA working within financial services will earn a minimum of £400 per day - thats roughly £50 per hour.
If you have a unique selling point - you can stick 50% on top of that.
It will also depend upon whether you can claim expenses (fuel, accomodation, meals etc) and the duration of any contract. This can reduce the day / hourly rate that you charge.
Also generally speaking a day rate contractor gets paid their day rate, whether they work 2 hours or 14 hours (there is basically no concept of overtime). However, an hourly rate contractor gets paid for the hours they work.
If you have a unique selling point - you can stick 50% on top of that.
It will also depend upon whether you can claim expenses (fuel, accomodation, meals etc) and the duration of any contract. This can reduce the day / hourly rate that you charge.
Also generally speaking a day rate contractor gets paid their day rate, whether they work 2 hours or 14 hours (there is basically no concept of overtime). However, an hourly rate contractor gets paid for the hours they work.
Thats cheap if the company is charing him out at that rate. Depending on job mine charges at 100/h but that can be for 1yr projects.
Strut Engineer.
As has been stated the induvidual rate will be less than the company due to the safety behind the large companies.
As agencies for help or you will either not get the work or do it for peanuts when you should be getting cashews
KaHn
For contracting £300 is the low end of a weak segment. It's barely worth doing compared to a decent wage as a perm (taking into account all that comes with being perm)
Yup totally, I would be shooting for a minimum of £600 a day and realistically more depending on the complexity of the project.
£40/hr is a backstreet mechanics rates - be serious guys.
Target it around 1k/day, go a little lower if you think long term work may be in the offing or go a little (or a lot) higher if you see it as a short gig and think they can't easily find anyone else with the skills.
Target it around 1k/day, go a little lower if you think long term work may be in the offing or go a little (or a lot) higher if you see it as a short gig and think they can't easily find anyone else with the skills.
I thin one of the key things here is that you are an addition to the team, rather than a head that is not filled. That might be a good indication of what to charge them.
It sounds short term (so increase rate) and a skill that they don't have curretly bt intend to have at some point (no internal skills, raise rate).
Have a look on contractor uk, there might be some good advice around rates and what ballpark figures there are out there
It sounds short term (so increase rate) and a skill that they don't have curretly bt intend to have at some point (no internal skills, raise rate).
Have a look on contractor uk, there might be some good advice around rates and what ballpark figures there are out there
Soldato
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Thats more than a typical automotive design/engineering contractor would get, not a mechanic, although they have significant overheads that reflect what the customer pays and certainly not what the mechanic actually gets! Business rates and rental etc on a garage are pretty significant outgoings before you even start paying staff.
Im pretty amazed by the rates discussed in her, are these based on work at the client site or offsite with a associated 'oncost'?
What 'consulting' is the OP actually refering to.
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There are plenty of contractors on around £40ph. It's pointless comparing it to mechanics as it's completely different
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Hmmm, only managed to get an answer out of 1 agency so far.
They have come up with a range between £20 plus percentage to cover holiday and £30 /hr. Not sure what to think, seems a bit of a random number generator rules consulting!
They have come up with a range between £20 plus percentage to cover holiday and £30 /hr. Not sure what to think, seems a bit of a random number generator rules consulting!
Permabanned
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You should ask for £80 a day...
That's too low. I get around that and I'm not specialised.
Remember most agencies don't know what they're talking about. Really, really don't.
If this is as specialist as you claim it to be then you should be looking at ~£90+ p/h minimum. Possibly slightly more. Not certain though.
I work for an engineering consultancy: I have around 10years experience and our firm charges me out at £360 a day, a principal with 15+years of experience can be double that with an associate coming in at just under £1k a day.
Man of Honour
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Between 1k-1.5k per day is what many Oracle Hyperion Consultants charge, and it's in the same field as what you're looking to do.
There are plenty of mechanics and plenty of contractors.
The OP is saying he has specialised knowledge the firm needs, specialised costs more. The higher rates are offset by the fact specialised roles may not come up as often.
Man of Honour
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The fact that it's a critical financial system that only he knows makes his time VERY valuable. The figures I quotes may even be a little on the low side.
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2nd agency just came back with £20/hr...
I fear specialised knowledge does not equate to much without an extensive CV / experience to support it. I've only approx 5 years experience in the field but 3 of those are using this package - hence why I have key knowledge of it's structure and functions.
I fear specialised knowledge does not equate to much without an extensive CV / experience to support it. I've only approx 5 years experience in the field but 3 of those are using this package - hence why I have key knowledge of it's structure and functions.
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