Career Path > Money Matters

Billing rates

(1/2) > >>

grantime:
I may have some opportunities to do some independent consulting (in addition to my regular job) .  Part time stuff but may require some travel.  Do any of you have experience with what are normal billing rates for CHP level consulting?   

Incline:
I saw a billing rate of $50-$70/HR depending on the level work involved. Consulting was on the low end and project management was $70 and higher. That was about 1.5 -2 years ago. Hope this helps.

Already Gone:
When you are self employed, the hourly pay rate and the billing rate are the same thing.
But, those numbers seem pretty low to me either way.
I would bid at about $90 - 100 per hour not counting travel expenses.

Marlin:

--- Quote from: grantime on Jan 15, 2011, 08:21 ---I may have some opportunities to do some independent consulting (in addition to my regular job) .  Part time stuff but may require some travel.  Do any of you have experience with what are normal billing rates for CHP level consulting?   

--- End quote ---

What the market will bear... any individual company may have a range they pay consultants but depending on the service, project management, or deliverable it can vary greatly. Do you belong to a local chapter of HPS a little networking there may help. $50 to $70 looks more like pay scale than billable rate.

OldHP:

--- Quote from: grantime on Jan 15, 2011, 08:21 ---I may have some opportunities to do some independent consulting (in addition to my regular job) .  Part time stuff but may require some travel.  Do any of you have experience with what are normal billing rates for CHP level consulting?   

--- End quote ---

A lot depends on if you are newly certified with very little practical experience or have heavy practical experience (in the area of the contract requirements).  In either case you need to look at what you are willing to accept to take on additional work.

If you have the required CHP and are short on experience, $50 to $70 (plus travel expences) might help to gain additional experience plus provide income.  Keep in mind as a consultant all of the tax burden is on you.  My first swing at it 20+ years ago was more than that.

If you have the experience and credentials, you are selling yourself short at that rate.

In either case a frank discussion with the potential customer would not hurt, i.e., what your services are worth to them and what their budget will stand.

Navigation

[0] Message Index

[#] Next page