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Daily rate for interim manager contract (financial services)

 
#1 Daily rate for interim manager contract (financial services)
02/10/2007 20:43

Anoni

Hi, I was wondering if anyone could advise? I am a freelance consultant (graduate, qual accountant) with a specialism in activity based costing, in financial services, working to quite a high level. Quite a small pond in terms of who is around. Up to now, I have worked through and intermediary associate consulting company and charges £550 / day to them but of course I know that I am charged out at more. I don't know my daily rate as the contracts with the main are done on results, not day by day and I am not privy to these. So I now have the opportunity to pitch for an interim mangement job in this specialism and am not sure what daily rate to pitch. I have been advised various figs between £600 & £800. I don't want to under sell, but also don't want to price myself out of the market. Any ideas?

Cheers

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#2 RE: Daily rate for interim manager contract (financial services)
03/10/2007 08:28

rs to Anoni (#1)

If you go too low then it will be impossible to negotiate an increase later for any follow on work or indeed new projects with the same client.

If you are slightly too high they are likely to negotiate. So you need to aim high but still within what might be considered reasonable.

Based on your current rate with a 25% margin for the seller this suggests 750-800. This is not unreasonable for a "typical" freelancer. Then again who knows if your current rate is the right rate.

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#3 RE: Daily rate for interim manager contract (financial services)
03/10/2007 09:47

Anoni to rs (#2)

Thanks for this!

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