[UPHPU] Going Rate for PHP/MySQL Development
dan at acucore.com
Thu Oct 28 10:12:53 MDT 2004
Using this formula, I should be charging $58... if I could get that out
of a contract job, I'd be a happy man! And would probably be able to
quit my full-time job and just do contract work.
On Thu, 2004-10-28 at 09:37, Brad Davis wrote:
> >>I'd expect a contract position to get $20-$25 per hour, for an
> >>experienced developer. A lot of local employers want to pay less than
> >>that (unfortunately) -- but contract work usually means "sans benefits,"
> >>so the pay is usually a bit higher.
> People, be very careful at how you bid contracts. Depending on what you provide
> to yourself (taxes, benefits, equipment, office space, etc.) true pay rates are
> much lower. The Feds expect that taxes and benefits can add 25%-30%. Overhead
> (equipment, office, support staff, ...) can add 50% to that figure. At 3Com in
> the mid-1990's engineers were calculated to cost $150k per year, fully burdened
> (or about $75 per hour) even though the engineer may only be paid $75k per year.
> (This didn't include specialized equipment which came from different budgets.)
> If you provide everything needed for a contract (including equipment and office
> space) then the above would give a salary of only be about $20k to $26k per year.
> If just pay your own employment taxes, health insurance, vacation, and retirement,
> the above rates would give a salary of $30k to $38k per year.
> You should start with what you would get fulltime, divide by the number of fulltime
> hours per year, multiply that by the direct cost overhead (1.2 to 1.3) and then
> possibly multiply that by the infrastructure overhead (can be 1.5).
> (I used 2000 work hours per year, the real number is closer to 1900. You can
> contract yourself into the poor house.)
> Brad Davis
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