Rank: Super forum user
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I had an call from an agency yesterday, I registered with them many years ago and have not heard from them until now?
They have a client who requires visits and reports, construction site/s, I know not where but I was asked for my hourly rate. I was asked if I would work for £12. an hour?
It is always difficult without knowing a lot more about the location, type of site, expenses payable etc. but I just mentioned between £30 and £40.
Anyway I was in a hurry just going out so said I would call back, that gave us both some time for thought.
When I did call back a few hours later I was told they had people willing to do the work for £20. an hour.
We left it that if I received further contact from them they would be prepared to pay my rate - I am not holding my breath!
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Rank: Super forum user
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What you have to remember is that every £5h/r is about £9500 gross (based on 1920hrs per year worked)
£12/hr is pretty rubbish in my view.
I woulld suggest you work at a rate equivalent to a similar staff job
e.g. £40k = £19.23/hr, £50k = £24.04/hr etc etc
So the £20/hr you mention later is slightly better than a £40k salary.
Contract rates can vary widely depending upon the industry you are working in, location, how rare/common your skills are, how desperate both you are for work and the client is to fill the vacancy.
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Rank: Super forum user
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Forgot to add, the previous figures are just for salary.
Any additional costs need to be added or or charged separately e.g. hotels, travel costs etc
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Rank: Super forum user
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If you work via your own Ltd Company you also need to factor in for taxes you will have to pay - like Corporation Tax.
A rule of thumb that my accountants use (I work via my own Ltd Company) is for every £100 turnover, all taxes are about £26
i.e. Whatever hr rate you charge multiply by 0.74 to give you a rough estimate of your share of the doash!!
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