In Brief: I have a short-term, part-time software consulting contract (200-300hrs over 2-3months) for which the client has specified hourly and daily rates. What is a typical ratio between hourly : daily rates (given details/context below)?
Details/Context: The client does business with a close colleague of mine - so I am doing this work as a courtesy to some extent - though I figure the client isn't aware of this fact (early versions of the contract were shamelessly one-sided, etc). My originally proposed rates were $100/hr capping at $800/day (so a 10hr day = $800). However, the client made the following change in the latest version of the contract:
...Consultant shall be paid an hourly fee of $80/hr or a daily fee of $600...
Notice that 8hrs * $80/hr = $640, not $600. (I never bill for lunch)
- I'll put any updates / answers to questions below here. Thanks! -