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Posted By Bill Bircham
Hi All,
Just a quick query. I'm looking at taking on a consultant to fill a role temporarily. I need someone at CMIOSH etc, construction background, up to date with the Asbestos mess. Duties would include the normal stuff, inspections, a bit of training, guidance to Ops Managers etc
Considering a five day a week contract for 12 weeks, what in your experience is a reasonable rate?
No debates please about why CMIOSH, just post up a figure.
Many thanks
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Posted By Jonathan Sandler CMIOSH
Bill, I take it this is for Leeds? rates go from daily £200-£300 in London as a guide. If you go direct you might be able to get a better rate than having to go through an agency.
regards
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Posted By Adrian Watson
Bill,
Cost of employee is salary X 1.26;
Rough cost of consultant is salary X 2.5-3.0;
there are 46 weeks in a working year.
24K X 2.5 X 12/46 = 15.5 K
30K X 2.5 X 12/46 = 19.5 K
Bill's gives a rate of 0.2-0.3K/D; I think this is too low for an independent consultant. I would anticipate rates between 0.25-0.35K/D. This gives a cost range of 15-21K.
Therefore, a range of 15.5-19.5K should put you in the right ballpark.
Regards Adrian Watson
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Posted By James M
Adrian
They will have finished the project by the time anyone works out your puzzle.
Bill, I would say that if you recruit the person yourself then about £250 a day would be about right.
Jim
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Posted By steven bentham
£350 per day
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Posted By Frank Hallett
For the job as described I would expect to negotiate a contract that provided the equivalent of between £350 - £400 and especially includes necessary expenses as these can really tear the bottom out of many contract rates.
It's short-term and dispensible so equating it to an "employed" day rate is irrevelant. As I've said before, if the intent is to pay a permanent staff rate - then get permanent staff.
Frank Hallett
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Posted By Bill Bircham
Adrian, errr thanks I think, perm employees here have quite a range, so not sure your formula works, but will consider when I recruit a FT replacement. Jonathan, Frank et al, thanks, a point of clarification for all, the job involves two centres, London & B'ham.
R
Bill
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Posted By Adrian Watson
Frank,
Just for clarification, I for one did not calculate a day rate; I calculated the cost of the job as being in the range of 15.5 - 19.5K. This requires a labour cost as a starting point with a multiplier for the car, insurances, pension, etc (I used a multiplier of 2.5 but could of used a multiplier of 3) The reason I put in a salary multiplier of 1.26 for salaried persons, is that many people who do not do cost calculations assume that the salary is the cost of the employee. As a consequence they compare the salary of the employee against the total cost of the consultant. This is like comparing apples and pears.
For my calculations, I used the labour cost 24-30k as the ANTICIPATED salary range for a consultant with the relevant skill set. The cost of the job based on the day sum was used as a bench mark comparison.
If I was pricing the job to do, I would also take into account the following factors:
The base cost of doing the job;
The competition;
The complexity;
The scarcity of resources;
The duration of the job;
How much I wanted the job; and
The x factor!
Regards Adrian
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Posted By Frank Hallett
Hi Adrian
I don't understand why your last comment was addressed to me - I didn't question your formulaic approach! I'm with you on this.
Essentially, we are considering the same things in the same way for the same reasons; I simply provided a simplistic day-rate approach and you provided a rather elegant contract approach that all aspiring consultants and especially prospective clients/employers should give serious consideration to.
Frank Hallett
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Posted By Frank Hallett
Hi Bill - any chance of a discussion re the possible job off Forum?
Frank Hallett
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Posted By Adrian Watson
Sorry Tired. Read it wrong.
Regards Adrian
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Posted By Tony Brunskill
Depends on whether you want a good one or not. Project cost for a 12 week project at both locations incorporating subsistence and accomm costs would be £36K. Beware thise quoting with an expenses add on, Nights in London can be £250 + meals etc
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