consultancy rates
Hi all,
As a freelancer, of course I do know very well what the going rates in my region are for my line of work. But that is only good for longer-term assignments, where you play the "hired hand" that reinforces either an existing team or works on a project team.
However, one of my clients from a while back has asked me to return to their company for just one day, to give hands-on consultancy on how to package one particular application. Now I was wondering how this should be reflected in my rate? Are any of you using some form of multiplication key for this kind of short-term consultancy, like, e.g., consultancy rate = normal long-term rate X 1.25?
Thanks for your thoughts & input.
As a freelancer, of course I do know very well what the going rates in my region are for my line of work. But that is only good for longer-term assignments, where you play the "hired hand" that reinforces either an existing team or works on a project team.
However, one of my clients from a while back has asked me to return to their company for just one day, to give hands-on consultancy on how to package one particular application. Now I was wondering how this should be reflected in my rate? Are any of you using some form of multiplication key for this kind of short-term consultancy, like, e.g., consultancy rate = normal long-term rate X 1.25?
Thanks for your thoughts & input.
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Posted by:
martyns
12 years ago
Well you need to take into account travelling time, and extra recompense for the fact that you don't have any the long-term security of a long term assignment. I would say (your normal rate x 1.5) + (the cost of travelling)
Of course where you are effects the cost of travelling. Here in the UK the accepted rate is 40p per mile. So I guess in the US $0.80 per mile would be a fair amount. So you'd have to work out on Google Maps the distance, if it is 30 miles away, then you have a to and a from, to that makes 60 miles per day. So in UK terms that adds £24.00 per day.
Which is not an insignificant amount. Don't forget to charge mileage for these short term assignments.
Of course where you are effects the cost of travelling. Here in the UK the accepted rate is 40p per mile. So I guess in the US $0.80 per mile would be a fair amount. So you'd have to work out on Google Maps the distance, if it is 30 miles away, then you have a to and a from, to that makes 60 miles per day. So in UK terms that adds £24.00 per day.
Which is not an insignificant amount. Don't forget to charge mileage for these short term assignments.
Posted by:
Jonassis
12 years ago
Fair enough guys. I took martyns advice and set my rate at normal x 1.5. Travel expense did not really matter, as the customer is not very far from where I live. And they were quite happy with my rate (so I probably ought to have asked a little bit more... [:D]). Thanks for your input!
Posted by:
ashjones
12 years ago
My rule of thumb is always 25 - 50% more per hour if it is just one day unless they book something ongoing. The way you should view it is the same as bulk shopping: the price goes down with more bought. Sounds like you got your help tho!
Posted by:
misselle33
12 years ago
I always charge by estimated amount of time for the job. I include all time spend at the job, gathering materials for the job, and getting there.
Posted by:
Brilivant
12 years ago
Rating comments in this legacy AppDeploy message board thread won't reorder them,so that the conversation will remain readable.